Tag

Insurance Plans

All articles tagged with #insurance plans

healthcare2 years ago

"Taxpayer Drain: The Battle for Access to Obesity and Diabetes Drugs"

The demand for weight-loss drugs like Ozempic and Wegovy is causing concern for taxpayer-funded health plans as costs surge, with Medicaid spending $7.9 billion on these drugs in 2022. Some state and local governments are sounding the alarm about the impact on their health plans, prompting measures such as moratoriums on new users and reevaluation of coverage. The rising costs are leading to potential premium increases and budget strains, with some employers and governments cutting coverage. While manufacturers argue that the drugs will save money in the long run, states are working to bring costs down as demand continues to grow.

health2 years ago

The High Cost of Child Hospitalization and Unnecessary Medication Use by Parents.

Families dealing with a child in the hospital may face an average of $1,300 in out-of-pocket costs for that stay, according to a study by Michigan University. The study found that the average pediatric hospital stay cost for families that are privately insured is $1,300, while one in seven families will need to pay more than $3,000. The costs analyzed in the study include things like co-insurance payments and deductibles, but does not include ‘indirect’ costs, like missing work. Researchers say that restructuring how insurance plans cover hospitalizations could help alleviate this financial burden on families.