Economy Can’t Be All That’s Slowing Health Costs

Whats more, the econometric methodology itself, which I have long disliked, was debunked in another paper released last week. Amitabh Chandra and Jonathan Holmes of Harvard University and Jonathan Skinner of Dartmouth College found that when they made even modest changes in this type of model, the results changed drastically. They concluded, We are reluctant to make much of the time-series evidence between GDP growth and healthcare spending. A simple rule of thumb is that econometric results are untrustworthy if small specification changes — such as shifting the time period by a couple of years — substantially alter the results. (The same critique applies to an earlier analysis of this ilk, also much cited in the news media, from the Kaiser Family Foundation . The report is unfortunately less scientific than it pretended to be.) Cost Sharing The second reason for the spending deceleration cited by the Medicare actuaries — increased cost sharing — has a bit more force to it. As I noted in a column a couple of years ago and as has played out in recent decisions by Walgreen Co.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-09-24/economy-can-t-be-all-that-s-slowing-health-costs.html

10 Things to Know About Health Insurance Exchanges

You have six months to make a choice. If by March 31 you have no health insurance through the exchanges or your employer, you face a fine of 1 percent of your yearly income or $95 per person — whichever is higher. The fee increases every year, rising to 2.5 percent of your yearly income in 2016 or $695 per person. That’s on top of any health care costs. Health Insurance Exchange Questions Answered What if I have health insurance through my employer? If you have health insurance through your employer, you can keep it.
For the original version including any supplementary images or video, visit http://abcnews.go.com/Health/10-things-health-insurance-exchanges/story?id=20345355

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