We are regaled in the lay press about new medical breakthroughs a novel cholesterol-lowering drug mimics the effects of a genetic mutation and improves lipid profiles when conventional treatment is ineffective; new cancer therapies are tailored medications designed to specifically attack tumor cells without the nonspecific toxicity of conventional chemotherapy; hepatitis C can be cured by short-term oral agents, not prolonged courses of parenteral infusions; mitral valves can be repaired percutaneously without the potential risks of extracorporeal circulation.
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There is another skewing of physician allocation with similar serious implications, particularly in the current maelstrom threatening the financial sustainability of our healthcare delivery.
In 2012, the United States spent 17.7% of its almost 17 trillion dollar economy on healthcare. Rounding out the top 20 largest budgets, the remaining nations spent 8.9-11.6% of GDP on medical care. Do Americans live 33-50% longer and better to validate this increased cost?
A recent wellness blog on the New York Times website contradicts Mae West’s old adage that too much of a good thing is better. Specifically, the question is whether excessive exercise can actually be injurious to your heart.
Successful implementation of the Affordable Care Act will provide tens of millions of previously uninsured Americans with healthcare coverage. However, when these individuals seek medical care outside the emergency room or charity clinic setting will there be practitioners to serve them?
Sweeping Healthcare Financing Reform Signed into Law - Accountable Care Organization (ACO) Legislation
The legislation was passed by Congress on April 15, 2015 and signed into law by the President on April 16, 2015. It introduces sweeping changes to the reimbursement methodologies and financing of health care in the United States.
Wealthy Physician Fallacy - No matter the recent trend, cutbacks in payments for provider services is a relentless and persistent tool universally acclaimed as cornerstone to healthcare cost containment. Concurrent with the bludgeoning of physician income is the populist conviction that this is morally justified to combat physician greed and unwarranted overcompensation.