Healthcare is no longer a noble calling. Thanks to the private equity (PE) honchos it has become a commodity, not unlike real estate, pork bellies, plywood and box cars. Doctors are the raw materials for wealthy people investing with private equity firms, especially if they’ raw material is in large groups practicing in anesthesiology, multispecialty …
There are 30 million Americans with Diabetes and 7 million require daily injections of Insulin. One million of those spend at least 40% of their income on what remains after paying for food and rent buying their Insulin. Medicare beneficieries were most hampered by Insulin costs, accounting for more than 61% of the budened group. …
THE INFLATION REDUCTION ACT IMPACT ON PRESCRIPTION DRUG PRICES Read More »
All new markets attract many competing entities. Over time only the strongest remains. It’s a case of survival of the fittest. Everyone in the market wants it all for him/herself and, in no time, the various entities join forces. You need to understand how this consolidation effects prices, quality and salaries in the healthcare market. …
The original version of Medicare of 1965, basic Medicare, had no provision for out-patient prescriptions. But as prescription prices went through the roof and seniors demanded relief. Surprisingly, it came from a compassionate conservative President, GW Bush in the form of Medicare Part D in 2003. The Insurance Industry reacted with visions of a new …
I’ll start off by saying that practically no one in America is Vitamin D deficient. That fact hasn’t stopped D level testing from becoming a “community standard” and a part of every “thorough” examination. Vitamin D enthusiasts claim that a deficiency contributes to catching colds, feeling tired, having back and bone pain, bone fractures, having …
Our hog-tied gridlocked federal government has shown no inclination or ability to get us a better healthcare system. Can our captains of industry? CVS saw opportunities and jumped into the void and in no time became a major player. Amazon wants its share of the healthcare dollar too and has just made its biggest but …
Lurking in every twist and turn in our torturous healthcare system, lies some swindler dreaming up ways to get his hands into the oversized loosely watched pot of healthcare dollars. These crooks manage to take hundreds of billions of health dollars yearly from taxpayers. Only 5-10% is recovered. They steal more than we spend on …
Screening for Dseases We screen because we hope to detect a disease before it becomes apparent. We want to “nip it in the bud”. That sounds good as long as the time gained (lead time) enables safe, affordable treatment that improves the outcome. We don’t screen for a disease that has too short a lead …
They don’t make drugs and they don’t sell drugs. Nevertheless, they tell the insurers what drugs to offer and how they are tiered in the plan’s formulary. They are the ultimate middlemen. They add to pharmacy costs and make a lot of money for themselves. There are three major ones, Express Scripts, CVS Health and …
HOW IS THE PHARMACY BENEFIT MANAGER STILL LEGAL? Read More »
At the same time that more than 100 healthcare CEOs were collecting eight-figure compensation packages, roughly 41% of all American adults carried medical debt. Half of them don’t think they can ever pay it off. That debt is a debt like no others. The debtor wasn’t irresponsible, lazy or ignorant. No blame can be assigned to …