Where Did the Paycheck Protection Money Go?


Bank of America has been giving priority to large corporations who have connections to officials at the Bank who will process their loans in front of the line. Those large corporations are in far better shape to weather this, the Greatest Depression, than virtually all truly small companies for whom the Paycheck Protection Program (PPP) funding and forgiveness represents the difference between economic life and death. More.

Study: Liberate Prescription Drugs


The mainstream media had a field day condemning Donald Trump for promoting off-label uses of prescription drugs to treat the coronavirus. So what do you expect to happen when a drug is “proven”? Did you know that “approved” drugs work only half the time? What about “unproven” drugs? Did you know that as many as one in five drugs in use in the United States has been prescribed for an off-label purpose? Roughly one-half of all cancer patients are relying on off-label prescriptions. Much of what doctors know they learn by trial and error – outside of FDA tests. More.

Herrick: Could Free-Market Medicine Respond Better to Pandemics?

Many people have come to believe that the only way to protect Americans against future pandemics is to turn over control of our health care system to the government. The folly of this view was apparent when the U.S. Centers for Disease Control & Prevention (CDC) utterly failed as the monopoly supplier of COVID-19 diagnostic testing kits. When the first cases appeared, about half of the test kits failed and replacements were slow in coming.

How COVID-19 Is Changing The Debate Over Health Reform


A revolution is occurring in the way medical care is being delivered in the United States. It is happening almost overnight. People have stopped going to hospital emergency rooms. They have stopped going to doctors’ offices. Most of the nation is self-isolating. Doctors and patients are no exception. They are communicating by means of phone, email, Skype, Zoom and other devices. Last December, Zoom was the host of 10 million video conferences a day. Last week, the company was hosting 200 million a day. Many of those were patient/doctor communications. More.

How Do We Ration Health Care When We Really Have To Do It?


I suspect that behind a veil of ignorance, you would choose rationing rules that favor people who are doing the most to improve the lives of other people. And I think this is what the health professionals do as well. Prospects for survival are important because the better the prospects, the more likely the patient is to contribute to social welfare as a whole. Age is important, because the more years of life the patient has left, the more opportunities there will be to make such contributions. More.

Kotlikoff: Back to work in Two Weeks

First, test everybody – the healthy and the sick. The “healthy” may be infected and asymptomatic, yet still spreading the virus. Hence, testing the “healthy” can help us quarantine those who are infected but so far asymptomatic. Second, the “healthy” who test negative can be allowed to return to work, attend school, shop, frequent restaurants, etc. Group testing makes this practical. More.

Kotlikoff: How Social Security is Conning Seniors


Social Security has a policy of calling people close to 70 and making them an “offer” to start their benefits retroactively. Doing so saves Social Security money but hurts the recipients, who lose thousands of dollars of life time benefits. The bribe comes packaged with suggestions that if they die they won’t get their checks, so why not grab six months of benefits for sure. More.

Kotlikoff: we need group testing, every day


With group testing, you take samples, say, from 20 people and test them all at once. If the result is negative, those 20 are free to go to work. If the test is positive, you divide the group into two and test 10 at a time. Using this method, you greatly reduce the number of tests needed to separate those who have the virus from those who do not. And we should do this every day. More.

How Would Free Market Health Care Respond To The Coronavirus?


Most patients would have a health kit in their home, with a temperature gauge, blood pressure cuffs and an oxygen sensor. Patients would have these because doctors, hospitals and health plans would encourage them. Patients with older models would call in the readings to their doctors. Newer models would send the doctor an automatic, electronic alert if there was reason to be concerned.More