Playing With House Money

via American Thinker

Everyone’s familiar with the term “house money.” When you’re playing with house money, you’re gambling or spending money that’s not actually yours, so the perceived risk is lower than it would be if it were your money. Therefore, the care exercised in the use of those “house” funds is correspondingly low, sometimes to the point of being nonexistent.

Here’s a simple example: Let’s say you’ve just won the lottery. A $20 Quick Pick paid off with a $5000 winner. You’re understandably quite pleased and, feeling appropriately flush with your newfound wealth, you take a stroll through the high-priced mall downtown, with their fancy shops. Here, all manner of high-end expensive merchandise beckons — fragrances, designer handbags and shoes, 50-year-old bottles of Scotch, and world-famous menswear. You’d probably never even contemplate buying this sort of merchandise with your own money, but it’s not “your” money, is it? It’s house money. $4980 of it, to be exact. So you treat yourself to suits, perfume, jewelry, and a bottle of rare spirits. Nice haul. And all for “free.”

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Estimating the Impacts of the Trump and Clinton Health Plans

via RAND Corporation

Christine Eibner, a senior economist at the RAND Corporation, led a team that analyzed parts of the proposed health care plans of the two major parties’ presidential candidates, Hillary Clinton and Donald Trump. The team modeled those proposals for which they were able to obtain sufficient detail. In this Q&A, Eibner talks about what they found and how RAND’s COMPARE microsimulation model—a computer program that uses economic theory and data to simulate the effects of health policy changes—was used to carry out the analysis.

The researchers estimated the likely effects of each policy relative to the Affordable Care Act in 2018 (if it were unchanged) on the number of people with health insurance, consumer out-of-pocket spending and the federal deficit. Funded by the Commonwealth Fund, the analysis can be found in its entirety on the Commonwealth Fund website.

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Employers Shift Higher Health-Care Costs to Workers

via Wall Street Journal

Doctor takes a patient's blood pressure. Health-care costs at large U.S. businesses are expected to rise 6% in 2017, according to an annual survey of 133 major companies.
 

Open enrollment season is under way, and when workers get their health-plan information, many of them can expect higher out-of-pocket costs.

As employers cope with rising health costs, some are shifting more of the burden onto their workers, often in the form of health insurance plans that carry high deductibles. To help rein in expenses, businesses also will ask their employees to take part in cost-cutting drug programs and use new services that provide Skype-like video consultations with doctors, according to several studies tracking employer health care.

Health-care costs at large U.S. businesses are expected to rise 6% in 2017, according to an annual survey of 133 major companies offering coverage to more than 15 million Americans by the National Business Group on Health, or NBGH, a nonprofit association that focuses on employer-provided health care.

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Trying to Break Unhealthy Habits? There’s a Coach for That

via Wall Street Journal

Changing unhealthy habits is hard, doctors say. But with Americans suffering from chronic disease in epidemic proportions, a big push is under way to get more individuals to do just that.

Large employers, insurers, health-care systems and other organizations are increasingly turning to “wellness coaches” to motivate people to adopt healthier lifestyles.

These programs typically include counseling to get patients to understand how behavior affects health, along with techniques such as meditation and goal-setting to help individuals make needed changes and stay on course.

It’s all part of a broader shift within the health-care industry toward keeping people well instead of simply treating them when they’re sick. The stakes are high: The Centers for Disease Control and Prevention calls lifestyle-related chronic disease such as obesity, Type 2 diabetes, hypertension and cardiovascular disease the greatest health challenge of the 21st century. The CDC estimates that half of all adults in the U.S., or 117 million people, had one or more chronic health condition in 2012, accounting for 86% of all health-care spending.

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New Gadgets That Could Give Telemedicine a Boost

via Wall Street Journal

The Tyto lets doctors peer inside a patient’s ear—over the internet.
 

Telemedicine offers patients the chance to meet with a doctor, 24/7, without leaving home. But many physicians are wary of participating because they can’t peer into patients’ ears, look down their throats or listen to their lungs remotely.

A new genre of home diagnostic devices aims to address those concerns by giving patients some of the same tools that doctors use during in-office exams. Think part Star Trek Tricorder, part Harry Potter Extendable Ear.

The closest to market is Tyto, a hand-held gizmo about the size of a softball. One attachment works like a stethoscope to capture and record a patient’s heartbeat and breath sounds. Other attachments allow a built-in camera to get a good look at patient’s tonsils and into the ear canal. The camera can also take high-resolution photos of skin lesions, rashes and moles. All the images, sounds and readouts can be shared with a doctor over the internet in real time or stored in a software program for later use.

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Average Cost of Employer Health Coverage Tops $18,000 for Family in 2016

via Wall Street Journal

The average cost of health coverage offered by employers pushed above $18,000 for a family plan this year, though the growth was slowed by the accelerating shift into high-deductible plans, according to a major survey.

Annual premium cost rose 3% to $18,142 for an employer family plan in 2016, from $17,545 last year, according to the annual poll of employers performed by the nonprofit Kaiser Family Foundation along with the Health Research & Educational Trust, a nonprofit affiliated with the American Hospital Association.

Employees paid 30% of the premiums for a family plan in 2016, compared with 29% last year, according to Kaiser. For an individual worker, the average annual cost of employer coverage was $6,435 in this year’s survey, with employees paying 18% of that total. The change in annual premium for individual coverage from 2015 wasn’t statistically significant.

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A Flu Shot Is the Best Defense This Year

via Wall Street Journal

Health officials are warning that a popular nasal-spray vaccine isn’t sufficiently effective to prevent the flu, and pediatricians worry many parents won’t get their children vaccinated this year.

The result could be that more people fall sick this flu season, which can begin as early as October. A flu shot is the only recommended option to get vaccinated, but some parents may skip the painful procedure for their children.

The U.S. Centers for Disease Control and Prevention recently adopted a committee’s recommendation that people shouldn’t get the nasal-spray vaccine, called FluMist, for the 2016-2017 influenza season. A CDC review found the spray vaccine provided insufficient protection against the flu in recent years.

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