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Robert Samuelson Says Our Wage Increases Went to Health Care, BLS Disagrees

September 4, 2018 Bilal 0

Robert Samuelson Says Our Wage Increases Went to Health Care, BLS Disagrees https://ift.tt/2LSerCk Robert Samuelson used his Labor Day column to tell us that our pay really didn’t end up in the pockets of rich people. The problem is that it all went to employer-provided health care insurance. The argument is that health care costs have vastly exceeded the overall rate of inflation. Since a standard health care benefit is larger as a share of the pay of a low-wage worker than a high-wage worker, the increased cost of the benefit took away the money that otherwise would have gone […]

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The big tech innovation from Amazon-Bershire Hathway-JP Morgan joint venture could be…

August 31, 2018 Bilal 0

Narrow networks? That is one proposition from Bill Gurley, a general partner at Benchmark Capital, in an article from Business Insider . Berkshire Hathaway vice chairman Charlie Munger, prefers the Kaiser model. “If the whole nation had Kaiser Permanente care, the average quality of the care would go way up and the cost would go way down,” Munger has said. Source: The big tech innovation from Amazon-Bershire Hathway-JP Morgan joint venture could be…

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Healthcare Triage: How Administrative Costs Drive Healthcare Costs

August 31, 2018 Bilal 0

Administration of medical care is a huge driver of costs in the United States’ healthcare system. Running hospitals, generating bills, and collecting payment are just a few of the activities that take up health providers’ time, and run up the costs of care. Source: Healthcare Triage: How Administrative Costs Drive Healthcare Costs