On March 1, if Congress and the president do not reach some kind of fiscal accord, mandatory cuts to federal programs—sequestration—will take effect.
One of the many victims of such massive spending cuts will be the National Institutes of Health (NIH), the medical research arm of the Department of Health and Human Services. According to its director, Francis Collins, MD, the NIH, in a “profound and devastating blow,” will lose 6.4% of its budget.
Their loss, however, could be the drug industry’s gain.
In his book Overdosed America: The Broken Promise of American Medicine, John Abramson, MD, … Continue reading
Have you ever heard of a company called ResMed? If you suffer from obstructive sleep apnea and have been prescribed a CPAP (continuous positive airway pressure) machine, you probably have.
Or, if you follow the stock market, you might recognize ResMed as one of its rising stars. Rising because, according to its website, ResMed ‘s revenues and profits have grown every quarter since it was formed in 1989. In 2012, ResMed reported revenues of approximately $1.4 billion.
What is the secret to ResMed’s amazing success? Our country’s poor health.
Obstructive sleep apnea (OSA) is the common condition in which … Continue reading
Starting in 2014, one of the signature features of the Affordable Care Act (ACA) will be implemented: No adult with a pre-existing condition can be denied health insurance.
But it seems from recent news reports that both the administration and the nation’s health insurance carriers are getting a little nervous about exactly how much that will cost and whether sufficient funds will be available.
In theory, the individual mandate ensures that enough healthy young people buy insurance to keep premiums affordable and provide enough money to cover the care of the already sick. But no one knows with any certainty … Continue reading
I read with concern yesterday that one of the victims of the recent fiscal cliff deal was the program funding the creation of new non-profit health insurance carriers. Consumer Operated and Oriented Plans, CO-OPs for short, were meant to provide some much-needed competition to the private carriers on the health insurance exchanges and keep premiums more affordable.
At least, that was the theory.
But now Congress has sliced the program’s budget from $6 billion to $2.4 billion. And the money is in the form of loans, not grants. Besides the many other challenges facing these start-ups, they have a very … Continue reading
I shook my head in wonder last night when I read this article: FDA requires lower doses for Ambien, other sleep meds
Doses for women, at least, will be cut in half.
Different bodies metabolize drugs at different rates. Apparently, studies have shown that the morning level of zolpidem (Ambien) remains high enough in some patients, especially women, that their driving skills are impaired.
According to the article, “the FDA has received a number of reports of car accidents connected to zolpidem over the years.”
I couldn’t help but think of the recent news, and my recent post, about… Continue reading
It appears that the 2012-13 flu season is especially severe and has not yet reached its peak, which is when the maximum number of cases have been reported and we start to see a downward trend.
In early November, I posted about the advantages, health-wise and financial, of getting a flu shot.
It’s still not too late, and there is ample vaccine available.
FYI, it takes about two weeks for the vaccine to reach its full effectiveness.
FN… Continue reading
Two days ago I wrote a post about the proposed health insurance exchanges and the federal premium subsidies.
Beginning in 2014, if you buy health insurance from a state-run exchange, your estimated 2014 income will determine if you qualify for a subsidy.
You will need to supply that information to the insurance exchange when you sign up for health insurance. If you qualify for a subsidy, the exchange will then apply to the federal government for the extra funds to cover your premiums.
When you prepare your 2014 tax return (in 2015), you will discover how accurately you guestimated.
The … Continue reading
My family does not have an employer-provided health plan, and we live in a state that will set up a state-run health insurance exchange, so I wanted to learn more about the exchanges and proposed subsidies.
Several recent articles have warned of “sticker shock.” Beginning in 2014, state exchanges must offer plans that cover all “essential health benefits” as defined by the government. In other words, there will be no more “catastrophic” plans with low monthly premiums and high deductibles. (Except perhaps for young adults under 30, but information on this point remains unclear.)
To make such comprehensive … Continue reading
Last night I dreamt that my husband was diagnosed with metastatic melanoma.
He was lying on an exam table for some reason when the nurse spied a large, red spot on his head (he’s not bald, but in my dream he was!) and said “Oh my, that doesn’t look too good.” The doctor then looked and said “It’s a melanoma. I’ll take it off.”
Immediately the doctor excised the melanoma as well as some cervical (neck) lymph nodes, which were also cancerous. The melanoma had spread.
As I watched the operation, I thought Oh, please let this be a dream. … Continue reading
Last week, the publication of three short health care reports caught my eye. Separately, each is a “bad-news-as-usual” snapshot of health concerns; spliced together, however, they create a bigger, grimmer picture of the health and financial future of our country.
First, the Centers for Disease Control and Prevention (CDC) reported that between 1995 and 2010, the incidence of adults diagnosed with diabetes has almost doubled.
Part of the rate increase is explained by improved diagnosis and diabetics living longer, but the report’s authors concluded that the “major driver” is that “the increase in diabetes prevalence coincides with the increase in … Continue reading