- We spend a lot on health care. The U.S. spent about $1,443 a person on health care in 2016. The next highest: Switzerland, which shelled out $939 per person.
- But it’s not because we use it much more often. For the most part, people in the U.S. used health care services about as often as people in other countries.
- Prices for goods, like prescription drugs, seem to play a big part. Take the cholesterol drug Crestor, with a list price of $86 per month in the U.S., but $41 in Germany and $9 in Australia.
- So do labor costs, such as physician salaries. General physicians in the U.S. had the highest salary of any country in the study, making $218,173 on average, compared to $154,126 in Germany, which had the next highest salary.”
“As Medicaid reimbursement rates increase, nursing homes add more licensed staff per resident, improving quality of care, a new model suggests.
“he issue: As baby boomers age, they are bound to put more strain on nursing homes. A report to Congress prepared by the Center for Medicare and Medicaid Services estimates that over 91 percent of nursing homes are staffed below the level that is minimally necessary to provide all needed care.
“The challenge of staffing is linked to economic and regulatory barriers. Nursing care is a costly national expense–in 2016, total expenditures stood at $163 billion, with Medicaid contributing $50 billion to this sum, according to data from CMS. States determine their own rates for nursing home reimbursements under Medicaid, balancing desires to achieve particular outcomes related to quality of and access to care with the need to meet budgetary requirements. New research produced by Martin Hackmann, an economist at UCLA, looks at how small changes in Medicaid reimbursements might improve quality of care.
“An academic study worth reading: “Incentivizing Better Quality of Care: The Role of Medicaid and Competition in the Nursing Home Industry.”
This study found “Combining detailed industry data from Pennsylvania with a model of demand and supply, … that low Medicaid reimbursement rates are a key contributor to quality shortfalls in this industry.”