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Report: Hospital Executives Are Getting Paid Millions of Dollars a Year
Crain’s Detroit Business published a list of the 25 highest-paid hospital executives in Michigan, and all received compensation in seven figures, based on data from 2022. Philip Incarnati of McLaren Health Care topped the list at $10,783,705 a year, a 9 percent increase in 2022, which happened at the tail end of the COVID-19 restrictions…
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There is a Way to Avoid Paying for Other People’s Health Care – Interview
As health care spending soars (see page 20) and health insurers increasingly delay or deny claims (see pages 7, 17), consumers are retreating to indemnity-style insurance protection, which pays a cash benefit for adverse health events. Indemnity-style health insurance is a feature of Plan for America (PFA,) a voluntary private savings proposal designed to rescue…
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Consumers Seek Solutions to Health Insurance Shortcomings
Consumers are looking for ways to safeguard themselves financially in the event of a catastrophic illness or injury when health insurance runs out or an insurer denies coverage. Insurance denials are up, according to recent reports, and this year new limitations on short-term, limited-duration health insurance (STLDI) policies go into effect. The use of supplemental…
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Why are So Many People Angry at Health Insurers? – Commentary
The public reaction to the fatal shooting of health insurer UnitedHealthcare CEO Brian Thompson has been nothing short of shocking. A post on X wishing that the killer would never be caught racked up 95,000 likes. UnitedHealthcare’s own bereavement message online was cruelly mocked by 77,000 laughing responses. What causes that kind of reaction? Before delving into what’s wrong…
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Health Insurers Denying, Delaying More Claims
The murder of UnitedHealthcare CEO Brian Thompson on December 3 focused national attention on the denial of coverage claims by health insurers, purportedly a motive for the killing. After Thompson’s death, patients and doctors aired their personal stories on social media, while others posted vitriolic comments about insurers, and Thompson’s alleged assassin became a media…
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What Health Insurance Should Be, But Isn’t – Commentary
By William M. Briggs Now that a health insurance guy has been whacked by an assassin, it’s useful to review why health insurance is such a mess now. Here is an expanded version of a thread I did on Twitter—which is all a repeat of (ignored) arguments I made back when Obamacare was being discussed.…
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Increasing Number of Parents Waive Vaccines for Children
An increasing number of parents are foregoing vaccinations for their children, citing distrust of drug producers, distributors, and health care providers, while health care organizations point the finger at misinformation. Data from the Centers for Disease Control and Prevention (CDC) show a decline in vaccination rates in more than 30 states in the 2023-2024 school…
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Is Vaccine Hesitancy Causing a Surge in Infectious Diseases?
An uptick in mentions of measles in 2024 online discussions and forums shows many people are wondering whether vaccine hesitancy contributes to recent increases in the incidence of the disease. According to the Centers for Disease Control and Prevention (CDC), 284 cases of measles were reported in 32 states and the District of Columbia in…
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Congress Failed to Fix Price Transparency in Lame Duck Session
The Lower Cost, More Transparency Act (LCMTA) and the Health Care PRICE Transparency Act 2.0 (HCPTA 2.0) will have to be reintroduced in 2025 in the wake of the GOP winning control of the White House and Senate and keeping its slim majority in the House. Two bipartisan health care bills failed to gain traction…
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Feds Demand Personal Information from Medical Practices, Others
New financial disclosure requirements that would sweep in many medical professionals were temporarily put on hold under an order from a panel of the Fifth Circuit Court of Appeals. The Biden administration rule required an estimated 33 million small businesses, including some nonprofit entities, to report personally identifying information about their “beneficial ownership or interest” by…
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