The #1 fear among Americans in the recession is job loss; health costs follow

American consumer sentiment over the past year feels and looks like a rollercoaster ride in freefall, ever driving downward as the chart shows. It’s jobs and health costs forcing the downward trajectory. More than stock market declines and saving for retirement, Americans fear two things most in this recession: losing their job, and the costs […]

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Health care in every pot – what we can learn from Costco

And the pot will be from Costco, not Williams-Sonoma.The most telling point about health reform in President Obama’s budget is that, “Some researchers believe that healthcare costs could be reduced by a stunning 30 percent — or about $700 billion a year — without harming quality if we moved as a nation toward the proven […]

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Why care about regional variations in health costs?

Why was per capita spending on people enrolled in Medicare $2,500 more in East Long Island, NY, than in San Francisco in 2006? Did the folks in New York get better care and achieve better outcomes than those on the west coast? The answer is, “no.” Welcome to the world of health care cost variation, […]

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Citizens self-rationing care due to cost

Americans skipped recommended medical tests and procedures, cut pills, and skipped dental care due to cost in the past year. Welcome to the world of rationing, borne not from a government program, but of private sector market forces. With all due respect to Adam Smith, market forces don’t always work in the best interests of […]

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The New Black Box Warning: Lack of Health Insurance

A new black box warning has arrived on the U.S. health care scene: the lack of health insurance is hazardous to your health. In 2004, the Institute of Medicine (IOM) recommended that Congress act to get the U.S. to universal health coverage by 2010. Today, the rate of uninsurance in the U.S. increases by the […]

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