February 3, 2013
Re "Small surgery, huge markup," Business, Jan. 31 The article hits the nail on the head when it comes to high costs in California's healthcare system. Consumers ultimately pay the price through extravagant out-of-pocket costs and soaring premiums. As we found in our recent study, "Your Price May Vary," California's priciest hospitals charge 2.7 times more than other regions for the exact same procedures. In the end, this has real impacts on consumers. For example, Anthem Blue Cross plans to raise rates by 26% for 340,000 Californians in February.
March 8, 2012 |
The largest union representing Hollywood's technical workers has begun contract negotiations with the major studios amid concerns that rising healthcare costs could lead to cuts in health and pension benefits for below-the-line crew members. The largest union representing Hollywood's technical workers has begun contract negotiations with the major studios amid concerns that rising healthcare costs could lead to cuts in health and pension benefits for below-the-line crew members. The International Alliance of Theatrical Stage Employees — which represents more than 100,000 entertainment industry workers, including cinematographers, set decorators and prop masters — on Wednesday began negotiating a new contract with the Alliance of Motion Picture and Television Producers.
May 31, 2013 |
WASHINGTON - In another indication of the impact of slowing healthcare costs, the federal government Friday upgraded its assessment of the financial health of the Medicare insurance program for the elderly and disabled. Medicare's main trust fund will not begin operating in the red until 2026, two years later than projected last year, according to an annual report from the board of trustees that oversees the nation's major entitlement programs. Prospects for the Social Security retirement program, meanwhile, remain largely unchanged from last year, with the trustees estimating that the program's main trust fund, which provides assistance to some 46 million retirees and their relatives, will be unable to pay full benefits starting in 2035.
September 19, 2011 |
There are six things that young doctors need to learn during their training period as interns and residents, starting with basics like acquiring “medical knowledge” and honing their “patient care” skills. The Accreditation Council for Graduate Medical Education and the American Board of Medical Specialties make sure that doctors-in-training master these general competencies before they complete their residency training. One more item should be added to this list, according to Dr. Steven E. Weinberger , chief executive of the American College of Physicians: how to provide high-quality medical care without breaking the bank.
May 3, 2012 |
Healthcare in the United States is the most expensive in the world, but it's not the best, according to new research. For each person, the U.S. spent $7,690 on medical care in 2009, according to data from the Commonwealth Fund research group. That was 17% of GDP at the time and the most of the 13 nations in the Organization for Economic Cooperation and Development, or OECD. Healthcare spending in the U.S. was three times more than in Japan, the country with the lowest costs.
November 26, 2013 |
Healthcare costs for Los Angeles employers climbed 4.5% this year to $11,625 per employee, a new survey shows, and firms expect a bigger increase in 2014. Nationwide, health-benefit costs in the workplace rose just 2.1% in 2013 to $10,779 per worker, which includes employer and employee contributions for medical, dental and other health coverage. The figures come from a survey of employer health plans by Mercer, a benefits consulting firm. Full coverage: Obamacare rolls out Employers nationwide and in Southern California expect their healthcare costs to climb more than 5% next year.