Tuesday , August 9 2022
Home / The Angry Bear / Yes, externalities are real – we’re all paying for Ivermectin

Yes, externalities are real – we’re all paying for Ivermectin

Summary:
Some libertarians oppose vaccine mandates by claiming that unvaccinated people only impose costs on themselves. However, as I noted in an earlier post, we’re all paying for the vaccine hesitancy stirred up on the right. From JAMA (footnotes omitted): Findings suggest that insurers heavily subsidized the costs of ivermectin prescriptions for COVID-19, even though economic theory holds that insurers should not cover ineffective care. Wasteful insurer spending on these prescriptions, estimated at .5 million in the week of August 13, 2021, would extrapolate to 9.7 million annually. For perspective, this total exceeds estimated annual Medicare spending on unnecessary imaging for low back pain, a low-value service that has received extensive

Topics:
Eric Kramer considers the following as important:

This could be interesting, too:

run75441 writes Investigating a Supreme Court Justice

run75441 writes Shuttering a Union Manufacturing Plant

NewDealdemocrat writes July jobs report: in which an absolute positive blowout make me happily wrong

run75441 writes Senate majority leader Sinema caves on the Inflation Reduction Act

Some libertarians oppose vaccine mandates by claiming that unvaccinated people only impose costs on themselves. However, as I noted in an earlier post, we’re all paying for the vaccine hesitancy stirred up on the right.

From JAMA (footnotes omitted):

Findings suggest that insurers heavily subsidized the costs of ivermectin prescriptions for COVID-19, even though economic theory holds that insurers should not cover ineffective care. Wasteful insurer spending on these prescriptions, estimated at $2.5 million in the week of August 13, 2021, would extrapolate to $129.7 million annually. For perspective, this total exceeds estimated annual Medicare spending on unnecessary imaging for low back pain, a low-value service that has received extensive attention. The true amount of waste is even higher because estimates did not include Medicaid spending. Moreover, by reducing barriers to a drug that some individuals use as a substitute for COVID-19 vaccination or other evidence-based care, insurance coverage could increase spending for COVID-19 complications.

Leave a Reply

Your email address will not be published. Required fields are marked *