Quote of the Day Category

HCA’s dishonest IPO

In: Quote of the Day

U.S. hospital chain HCA must face class action over 2011 IPO By Jonathan Stempel Reuters, September 23, 2014 HCA Holdings Inc, one of the largest U.S. hospital chains, must face a shareholder class-action lawsuit accusing it of concealing revenue declines and its routine performance of unnecessary cardiac procedures prior to its $4.35 billion initial public […]

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How much is wasted on defensive medicine?

In: Quote of the Day

The Cost of Defensive Medicine on 3 Hospital Medicine Services By Michael B. Rothberg, MD, MPH; Joshua Class, BS; Tara F. Bishop, MD, MPH; Jennifer Friderici, MS; Reva Kleppel, MPH, MSW; Peter K. Lindenauer, MD, MSS JAMA Internal Medicine, September 15, 2014 The overuse of tests and procedures because of fear of malpractice litigation, known […]

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Outrageous out-of-network billings

In: Quote of the Day

After Surgery, Surprise $117,000 Medical Bill From Doctor He Didn’t Know By Elisabeth Rosenthal The New York Times, September 20, 2014 Before his three-hour neck surgery for herniated disks in December, Peter Drier, 37, signed a pile of consent forms. A bank technology manager who had researched his insurance coverage, Mr. Drier was prepared when […]

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This academic survey of human resource officers at Fortune 500 companies shows that they plan to address rising costs of their health benefit programs by increasing the financial burden on their employees. Check the key findings from the survey listed above. Each one is bad news for the employees.

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F.T.C. Wary of Mergers by Hospitals By Robert Pear The New York Times, September 17, 2014 As hospitals merge and buy up physician practices, creating new behemoths, one federal agency is raising a lonely but powerful voice, suggesting that consumers may be victimized by the trend toward consolidation. Hospitals often say they acquire other hospitals […]

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The nefarious plot of generic drug tiers

In: Quote of the Day

Is All “Skin in the Game” Fair Game? The Problem With “Non-Preferred” Generics By Gerry Oster, PhD, and A. Mark Fendrick, MD AJMC.com, September 17, 2014 The new blockbuster drug sofosbuvir (Sovaldi) is offering hope to many patients with hepatitis C, but treatment is expensive and many insurers are demanding that patients shoulder a large […]

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Why the Geographic Variation in Health Care Spending Can’t Tell Us Much about the Efficiency or Quality of our Health Care System By Louise Sheiner Brookings Institution, September 2014 Abstract This paper examines the geographic variation in Medicare and non-Medicare health spending and finds little support for the view that most of the variation is […]

Footing bill for insurers’ pay methods shouldn’t fall on doctors AMA Wire, September 12, 2014 An increasingly common payment method among health insurers offers these companies significant financial rewards while sticking physicians with all the associated fees and extra work. But physicians are fighting back as the AMA and other health care associations take the […]

Income checks throw Californians off health plans KCRA.com/AP,September 9, 2014 Some Californians who purchased individual health coverage through the state’s insurance exchange are suddenly being dropped or transferred to Medi-Cal, the program for the poor that fewer doctors and providers accept. The changes are occurring as incomes are checked to verify the policyholders can purchase […]

Federal Reserve report on consumer finances

In: Quote of the Day

Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances Federal Reserve Bulletin, September 2014 The Federal Reserve Board’s triennial Survey of Consumer Finances (SCF) collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes. The 2013 SCF reveals substantial disparities in the […]

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