Sometimes video is needed to show how neat certain medical devices improves our lives.
Hundreds of millions in taxpayers money will be saved with these cuts. Continue reading →
Health insurance companies are about to crack down on frivolous visits.
Medicaid expansion via Obamacare is eating up revenue in Ohio’s budget. Now Governor Kasich, who at one time called himself a “conservative”,
New market for trying to stay young has popped up and it involves blood transfusions from young people to older ones. Continue reading →
Law enforcement has their hands full in battling the onslaught of heroin use across the United States. Continue reading →
Get ready to open your wallet even more in 2017 in order to feed the Obamacare beast. Continue reading →
Here’s a breakdown of where nurses practice at
Continue reading →
Lately on social media I’ve seen a plethora of people touting “GoFundMe” accounts to raise money for one specific area, medical issues. I decided to look up numbers to see how often it’s used by people for this issue and the numbers are staggering:
According to data from GoFundMe, in 2011 there were about 8,000 campaigns on the site, generating a total of about $1.6 million dollars in donations. Compare that to 2014, where there were about 600,000 campaigns and close to $150 million dollars donated.
Credit WHOtv.com for the data.
Dr. Ed Yardeni has put together a post showing the consumer has saved dollars YTD on gasoline prices, the savings is being eaten up by higher medical expenses.
Last week, I observed that while consumers are spending less of their budgets on gasoline, they are spending more on health care. The latest data through January show that the percentage of current-dollar consumption for gasoline plunged from last year’s high of 3.2% to 2.1% in January. Consumers saved $133 billion (saar) on gasoline over this period.
On the other hand, the percentage of their outlays for health care goods and services rose from last year’s low of 20.0% during March to 20.6% during January. I received lots of inquiries about this topic. Most readers want to know if this is attributable to Obamacare, which seems to have raised health insurance premiums, deductibles, and copays. I think so, but I don’t have the data to corroborate this conjecture.
Health care consumption includes spending paid for by both insurance and government programs, as well as out-of-pocket costs. Presumably and anecdotally, the latter have risen sharply. However, that wouldn’t necessarily bloat overall spending, though more out-of-pocket outlays would depress spending on other goods and services.