
Beware the Consequences of Government Setting Health Prices
Prescription drug spending in 2019 was less than 10 percent of the nation’s $3.8 trillion health-care spending. But high drug prices clearly are low-hanging fruit when it comes to eye-dropping examples of how health-care companies exploit U.S. consumers.
The latest exhibit was last week’s…

How to Fix Annual Health Care Enrollments
Every fall, nearly everyone with health insurance must pick the coverage they want for the next calendar year. And every year since I’ve been writing about the subject, I see a flurry of stories about how people can make good choices but often do not.
On cue, health experts lament that open enrollments…

Medicare Announces 2021 Premiums and Deductibles
While the nation was mesmerized with election returns late last week, Medicare announced modest increases in premiums and cost-sharing figures that will take effect next year.
PART B
The standard monthly premium for Part B of Medicare will be $148.50, up by $3.90 (2.7 percent) from $144.60 this…

Divided Government Means Small Ball for Health Reform
President-elect Joe Biden may be facing off the next two years against Senate Majority leader Mitch McConnell, who is unlikely to depart from his consistent and effective refusal to consider substantive health reforms.
That was Wall Street’s take-away last week. Health stocks soared after it became…

The Coming Battles Over Disclosing Real Health Costs
The Trump Administration last week issued sweeping price disclosure rules that would require health providers and insurers to tell consumers the real prices of care, permitting them to comparison shop for the best deal and understand what their out-of-pocket costs would be.
The disclosure requirements…

ACA Open Enrollment Begins November 1
The annual enrollment period for coverage under the Affordable Care Act (ACA) begins in most states on November 1. Rules may differ in your state, so check for details.
Typical premiums are expected to decline a bit (2 percent), although the costs for family coverage are hardly a bargain. More insurers…

Social Security Announces Modest 2021 Benefit Increase
Social Security benefits will rise 1.3 percent in 2021, the agency announced. Such a modest cost of living adjustment (COLA) -- $20 a month for the average beneficiary -- normally would translate into meager 2012 benefit gains once Medicare beneficiaries back out higher 2021 monthly premiums for Part…