Surprising Economics of Surprise Medical Bills

Surprise medical bills arise when hospital patients discover that certain fees are not covered by their health insurance. The reason for the surprise is that the patient’s insurance company and the hospital itself list the hospital as “in network.” Then, when the bill is presented, the patient discovers that certain doctors or certain services were “out of network.” As I wrote previously, in a free health insurance market this would rarely happen. Do you know of any other insurance market where this is a problem? I don’t. More.

Republicans Have a Health Plan – Finally!

Nearly 150 House Republicans have signed on to a health plan that matches very closely the Goodman Institute plan developed for Donald Trump. It includes personal and portable health insurance, 24/7 access to a personal doctor, telemedical care in the patient’s own home, flexible Health Savings Accounts and a real market for the chronically ill. More.

The People’s Choices for Health Reform

Our reform framework was developed from extensive market research into demonstrated patient preferences. It draws on inputs from more than 25,000 patients, doctors, and health care professionals to determine what
stakeholders instead of politicians want from a health care plan. It is the first health care reform plan that comes directly from people rather than from Washington backrooms. Written with Alfredo Ortiz. More.

Why Not Try Free Market Health Care?

Find a health care sector where there is no Medicare, no Blue Cross and no employer and it is probably a market that works very well. Lasik surgery is one example. Patients get a package price and they know what they are going to pay in advance. Competition works. Over the past decade, the real price of Lasik surgery fell 25%. A similar story can be told about cosmetic surgery. More.

What is modern Liberalism?

If you ask liberals what they think, they will tell you they are against racism (especially segregated public schools); they favor clean air and clean water; they want to help the poor; they oppose inequality, etc. Yet if you look at what happens where liberals govern, all these problems seem to be worse than they are anywhere else. More.

What’s Wrong with Private Health Insurance?

Bernie Sanders wants to get rid of private health insurance. Quite a few Democrats, including a number of presidential candidates, seem to agree. But why? What’s wrong with private health insurance?

A lot of things, it turns out. All too often, private health plans have perverse incentives to underprovide to people who get sick — incentives that are created by unwise government regulation. However, government insurance often faces the same incentives and the results can be even worse. More.

A Solution for Surprise Medical Bills

More than 4 in 10 patients who visit an emergency room or enter a hospital are confronted with bills for out-of-network services – even though the insurance company and the hospital led the patients to believe that their care would be in-network. In some cases, patients have faced charges that are many thousands of dollars. John Goodman’s solution: insurers and hospitals should not be able to claim the hospital is in the insurer’s network if that isn’t 100% true. Otherwise, its false and misleading advertising. More.

We Already Know What the Trump Health Plan Is

Some people can’t see the forest for the trees. For the past two years the Trump administration has been pushing the limits of executive authority to make fundamental changes in our health care system. If Congress would do its part, the system would be radically different than it was the day Donald Trump was elected president. John Goodman summarizes the most the most important of these changes. More.

A Health Plan for Donald Trump

President Donald Trump says he wants health reform that will be better than Obamacare, better than what we had before Obamacare, and better than the Democrats’ Medicare for All. And he’s not alone. Numerous surveys show that health reform remains a top priority for Americans, who are concerned about high costs, access, and choice. More.