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Biden Moves to Lower Health Care Costs, Limit Insurance Junk Fees

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White House is taking steps to close loopholes that saddle Americans with unexpected medical costs

Biden Announces Measures Aimed at Limiting Health Care Costs

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Biden administration is targeting scam insurance, surprise medical bills, and third-party health credit cards

Report Estimates Costs of Birth Defect-Associated Hospitalizations

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Total estimated cost of birth defect-associated hospitalizations was $22.2 billion in the United States in 2019

High, Low BMI Tied to Higher Medical Expenditures in Children

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Severe obesity and underweight tied to higher total expenditures and out-of-pocket payments for children with private insurance

Compliance With CMS Price Transparency Rule Improved With Penalty Increases

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$500,000 increase in penalty linked to a 2.9 percentage point increase in compliance

2012 to 2015 Saw Rise in U.S. Insulin Prices

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However, introduction of new insulin products after 2015 was followed by substantial discounting practices that lowered net prices

National Health Expenditures Set to Increase Through 2031

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Increase of 5.4 percent projected per year; expenditures set to account for about 20 percent of GDP in 2031

Crowdfunding Used for Direct, Indirect Medical Costs in Diabetes

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One-quarter of fundraisers reported having insurance, with about half of these patients finding out-of-pocket costs were too high

Tonsillectomy Both Clinically Effective and Cost-Effective

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Findings seen for adult patients with recurrent acute tonsillitis

Gene Therapy Not Cost-Effective for Sickle Cell by Conventional Measures

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The inequality aversion parameter would need to be 0.90 for gene therapy to be preferred per distributional cost-effectiveness analysis standards