Insight, analysis & opinion from Joe Paduda
The National Academy of Social Insurance has just released its latest report on workers’ compensation. This is required reading for any serious student of work comp; it’s stuffed with insights just waiting for you. Here’s a few. Note – COVID’s … Continue reading The state of workers’ comp
Read More...Here’s a quick-albeit-still-somewhat-up-in-in-the-air take on how the midterms may/will impact healthcare. Much depends on final results in several key elections (Senate in GA, NV, : Medicare and Medicaid Drug prices – Biden’s Inflation Reduction Act will reduce seniors’ drug prices; … Continue reading Medicare, drug prices, abortion and medical debt – Midterms’ impact on healthcare –
Read More...WCRI’s webinar on interstate variations in drug payments reminds us that lax regulations and absent legislators cost taxpayers and employers millions. Slides are here – and are free to access. The report itself is here – available free to members … Continue reading Work comp drug spend – profiteering rampant in LA FL and PA
Read More...Is well underway. Likely impacts include: more hospitals shutting down their inpatient operations a decline (!!) in hospital employment even more aggressive land-grab efforts by rival health systems seeking highly profitable commercially insured patients (that’s you, dear reader) doubling down … Continue reading The hospital shakeout
Read More...There’s been a lot of news around work comp pharmacy of late – time to dive into what’s happening, why, and the implications thereof. No better place to start than WCRI’s just-published study on the latest in drug trends across … Continue reading Work comp pharmacy week!
Read More...Two seemingly-unrelated new items hit my news feed – Kaiser Permanente lost over a billion dollars last quarter, and Amazon paid $3.9 billion to buy One Medical, a primary care company. Amazon is betting it can make primary care “work”, yet … Continue reading Amazon, Kaiser, and primary care
Read More...Today we’re doing a very quick recap of stuff we learned over the last couple of weeks…no opinion here (yeah that was really hard for me…) Extra credit for identifying the man in the picture… But first, for those of … Continue reading Just the facts, ma’am…
Read More...heading up. First, a bit of background. Big health insurers that sell insurance via the Exchanges have to file their rates with the Feds now. While they don’t insure a lot of people, their filings are detailed, public, and cover … Continue reading Healthcare costs are…
Read More...Last week I posted on Raji Chadarevian and Sean Cooper’s excellent presentation at AIS. Here’s my what-this-means-for-you takeaways. Drug spend decline While NCCI’s reporting that dollars for drugs now account for 7 percent of annual isn’t too much of a … Continue reading NCCI’s take on medical cost drivers, part 2
Read More...More details from NCCI Chief Actuary Donna Glenn’s presentation yesterday… Claim costs are driven by employment, frequency (what percentage of workers gets hurt), the cost to provide medical care to those injured workers and the cost of paying their income … Continue reading Work comp loss drivers…NCCI’s 2021 findings
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