Ge Bai
@GeBaiDC
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Professor of Accounting @JHUCarey @JohnsHopkins, Professor of Health Policy & Mgt @JohnsHopkinsSPH @BSPH_HPM, former visiting scholar @USCBO, CPA, Healthcare $
Washington, DC
Joined December 2015
Make "health insurance" insurance again. Insurance is NOT meant to cover routine, low-cost services. Doing so makes premiums prohibitively expensive. Car insurance plans that cover oil changes and home insurance plans that cover faucet repairs would be priced out of the
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Insurance Coverage Makes Common Generic Drugs More Expensive.Full text of my article @Forbes:. Generic drugs constitute 90% of filled prescriptions and represent 18% of prescription drug spending in the United States. Studies demonstrate that health insurance coverage makes.
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Healthcare is NOT a human right. It’s a commodity, highly subsidized by taxpayers.
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Both men are devoted Christians. They are on a mission. Praise the Lord.
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@bgurley But skinnier coverage, only for major items and pushing other stuff to the cash-pay market. HSA should be expanded. Patients in need should be directly subsidized (not through insurance premium subsidies). Imagine how vibrant the market would become when patients are free to.
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Rep @chiproytx introduced the Personalized Care Act:. Offers millions of Americans improved access to Health Savings Accounts (HSAs). Decouples HSAs from high-deductible health insurance plans, expands HSAs for individuals with Medicare, Medicaid, CHIP, direct medical care,.
@GeBaiDC I know my Rep @chiproytx is ready- he wrote a bill for healthcare freedom doing just this.
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By @AllysiaFinley @WSJ: "We’ve gotten gotten to a point where healthcare is so inaccessible and unaffordable, people are justified in their frustrations,” CBS News medical contributor Céline Gounder said during a Friday segment on the roasting of health insurers. Grant.
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Here is the link to our @Health_Affairs Forefront study, coauthored with @CM_Whaley & Sebahattin Demirkan:
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"Humility, Sacrificial Love, Courage" - advice to medical leadership from @DrJBhattacharya @Stanford .Full video: @JHUCarey @Mario_Macis @DrJMarine
Some of our most prestigious universities are hosting events with a rogue's gallery of Covid contrarians and conspiracy theorists. Why are they embarrassing themselves like this? Gregg Gonsalves has more.
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Coauthored with @SunjayLetchuman & David A. Hyman, our article in @NEJM: @JHUCarey @JohnsHopkinsSPH @GeorgetownLaw @IcahnMountSinai
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The scheme is to detach patients from their healthcare $, so the prices can go up unchallenged. Nobody cares when spending others' money. As I wrote in @washingtonpost: "Health-care prices rise because most Americans have insurance. If everyone had grocery insurance, food.
@shonkori @GeBaiDC @chiproytx Disagree, freedom to pay straight cash allows for many doctors and providers to offer lower fees. What allows the rate hikes are the lack of consumer choice and ability to shop. These are driven by government incentives and policies.
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Here is our study, with @JohnXJiang1 & @MartyMakary @JAMANetworkOpen: Grateful to @TurquoiseHC & @Arnold_Ventures @JohnArnoldFndtn
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Full text of my article @Forbes: Why Are Cash Prices Lower Than Health Insurance Negotiated Prices? . Growing evidence demonstrates a counterintuitive phenomenon in healthcare: the cash price is often cheaper than insurance prices for the same service or product. Cash prices.
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How did we end up with the unfair regulatory environment for physicians? conclusions from our article @Health_Affairs Forefront, coauthored with David A Hyman & @SunjayLetchuman:. Certificate of Need (CON) laws, the Stark Law, and the ACA’s restrictions on physician-owned.
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Senate HELP Committee hearing clip #1: "American Dynamism.".Grateful to @SenatorHick (D-CO).Full video: @JHUCarey @JohnsHopkinsSPH @BSPH_HPM
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Appreciate the opportunity to work with and learn from colleagues @USCBO. Still full-time @JHUCarey @JohnsHopkinsSPH @JHSPH_HPM @JohnsHopkins. Thank you all for your support!
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What about healthcare?. When revenue comes from the government, influencing the regulatory process yields the highest ROI. When revenue comes from patients, making them happy yields the highest ROI. Fund individual patients, not the system.
Banks in the United States are inherently intertwined with and dependent on the government via the Federal Reserve’s discount window. As such they are quasi-governmental entities. They need to act like it, or they need to have their government funding pulled, and go under.
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Full text of my article @Forbes: Is Private Equity A Villain In Healthcare? . In May 2024, Steward Health, a physician-owned hospital system, filed for bankruptcy. Because private equity firm Cerberus owned it from 2021 to 2020, many blamed private equity for this fiasco. In.
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CMS’s Medical Debt Relief Will Worsen Medical Debt.full text of my article @Forbes: . The Centers for Medicare and Medicaid Services (CMS) gave billions of federal taxpayer dollars to North Carolina hospitals for medical debt relief. During her presidential campaign, Ms. Harris.
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The patient is NOT allowed by the government to be the customer. For example, can Medicaid patients benefit from lower prices or better health through that program? Can insurers in the individual market offer plans that beneficiaries actually want? Can Medicare patients have.
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Main findings and supplemental figures of our new study @JAMA: Estimation of Tax Benefit of US Nonprofit Hospitals 🧵1/5.@JHUCarey @JohnsHopkinsSPH @BSPH_HPM
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@bgurley Thank you for your support, Bill! Dr. Bhattacharya is great!.
"Humility, Sacrificial Love, Courage" - advice to medical leadership from @DrJBhattacharya @Stanford .Full video: @JHUCarey @Mario_Macis @DrJMarine
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Site-dependent payments—paying more for basic health services when they are delivered in a hospital vs another facility—are hard to explain to the public, let alone justify to anyone concerned with runaway health care costs in the US. The issue has become more salient as media
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Wait until the healthcare books are opened. .
The problem is not that we aren’t taxed enough— it’s that our government lights cash on fire. Here is some absurd garbage your US taxes paid for:. •$1.5 Million studying the effects of yoga on goats. •$1.7 billion maintaining empty buildings. •$5 million on a campaign to.
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Full text of my article @Forbes: Expensive Health Insurance Premiums By Design . After the passage of the Inflation Reduction Act, the Medicare Part D average premium jumped 21% from 2023 to 2024 and is expected to grow “dramatically” in 2025. In contrast, it had been remarkably.
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Honored to receive the Teaching Award. Many thanks to my students and colleagues! Congrats to Professor Xian Sun
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With Yang Wang, Jianhui (Frank) Xu, @Mark_Meiselbach, Yuchen Wang, & Gerard Anderson, our @Health_Affairs Forefront article:
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.@DrJBhattacharya is coming to Bethesda 🌷.
I just gave my Health Economics class their final exam. I'm excited to start my new job in Bethesda next year, but it is bittersweet because I love teaching bright students so much. I hope I get to do it again someday.
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Health Savings Accounts (HSAs), which reached their 20th anniversary in January this year, are an important tool with substantial potential to benefit US gig workers. As the economy and labor force grow and evolve, it is up to Congress to remove the legal hurdles to expanding the.
In their new Forefront article, @jwhite_health, David Hyman, and @GeBaiDC from @C4AHC and @JohnsHopkins discuss how Congress can use health savings accounts to expand gig workers’ access to more affordable health care options while providing employers with new benefit tools to.
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Senate HELP Committee hearing clip #2: "Regulatory Capture".Grateful to @SenBillCassidy (R-IA) .Full video: Written testiomony: @JHUCarey @JohnsHopkinsSPH @BSPH_HPM @JohnsHopkins
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My latest @Forbes: Who Owns Medicare And Medicaid Data? We The People .@JHUCarey @JohnsHopkinsSPH @BSPH_HPM .
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If a government takeover is the solution, then why not transform Medicare into a one-stop, lifelong program to cover everything for everyone—from childcare to palliative care? Why not include all social services—from housing to transportation to meals? Because this would lead to.
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Two studies newly published in @Health_Affairs by our team (Yang Wang, @Mark_Meiselbach, Hossein Zare, Sebahattin Demirkan, Sam Cox, & Gerard Anderson).
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Full text of my article @Forbes: Health Savings Accounts: A Path To Financial Savings And Better Health. Health Savings Accounts (HSAs) will celebrate their 21st anniversary in January. Over the past two decades, they have provided tens of millions of Americans with financial.
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Story by @MStempniak @RadiologyBiz: Radiologists and other physicians want greater scrutiny around hospitals’ nonprofit status. Radiologists and researchers also have criticized hospitals’ murky use of nonprofit status in recent months. An October report from the Houston.
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Federal Government Policy Worsens Generic Drug Shortages.My comments in @FREOPP 2023 Annual Conference: Many thanks to @Avik @jwhite_health @brian_blase @GrantRigney.@JHUCarey @JohnsHopkinsSPH @BSPH_HPM
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Our study in @JAMAInternalMed covered by @nytimes @JHUCarey @JohnsHopkinsSPH @benharder @JohnsHopkins @JohnArnoldFndtn @MarkMiller_DC
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Happy Easter!.My latest @Forbes: CMS Invites Hospitals To Raise Prices And Buy Physician Practices .@JHUCarey @JohnsHopkinsSPH @BSPH_HPM .
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Many thanks to @alex_kacik @modrnhealthcr for covering our study @JAMANetworkOpen, coauthored with @JohnXJiang1 & @MartyMakary: Study link:
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Next time when people say “market failure,” remember it’s “policy failure” by design to consolidate the market. Independent physicians are less controllable or politically profitable.
@DrDiGiorgio System is designed for the big corps to succeed and the private physician owned practices to constantly be the underdog.
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With @JohnXJiang1 & @MartyMakary, our study about Commercial negotiated prices for CMS-specified shoppable surgery services in US hospitals @IJSurgery:
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Price transparency has strong bipartisan support and broad appeal to voters because it simply makes sense. It is a necessary catalyst to jumpstart the transformation of our healthcare system into a competitive, fair, and patient-oriented one that leverages American dynamism to.
My latest @Forbes: Price Transparency: A Catalyst For Affordable Healthcare .
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Our @Health_Affairs blog on hospital community benefit transparency: @JHUCarey @JohnsHopkinsSPH @TCU @NeeleySchoolTCU
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As the only CPA in Congress, @RepSpartz appreciates that healthcare policies are monetary policies, and healthcare consolidations represent policy failures. Many thanks to @sgremminger @ntlalliancehlth Bret Jackson, Thomas Johnson @GloriaSachdev. Event detail:
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The Centers for Medicare and Medicaid Services (CMS) gave billions of federal taxpayer dollars to North Carolina hospitals for medical debt relief. During her presidential campaign, Ms. Harris promisedthat, as president, she would use the same approach with other states to.
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Please join us on 9/11 for 2024 Symposium on Health Policy @JHUBloombergCtr (555 Penn, DC). Open to all. Free registration: @SenBillCassidy @repkevinhern @theomerkel @ChapinWhite @joeantos @ScottAtlas_IT @brian_blase @mfcannon @PatrickJDumas @GStuntzie
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2024 Symposium on Health Policy Recording 5/10: Free speech in medicine by @DrJBhattacharya, David Hyman, @MartyMakary @RepGregMurphy .@Stanford @GeorgetownLaw @HopkinsMedicine @JHUCarey
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My comments about regulatory capture re PBMs @Capitol_Forum's Healthcare Competition Conference; full video: Thank you, @SusieQ4Wahoos! .Appreciate our lead author @joeymattingly; study link: .@JHUCarey @JohnsHopkinsSPH @BSPH_HPM
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Full text of my article @Forbes: What Prompted CMS To Change Course With Its Data Restrictions? . The Centers for Medicare and Medicaid Services (CMS) announced the delay of the implementation of its restrictions on accessing Medicare and Medicaid data. Initially, the agency.
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@Nenaadvocacy @matt_ohrt @mcuban @costplusdrugs A study showing savings from @mcuban @costplusdrugs for Medicare: .Another showing savings from @GoodRx @amazon:
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Many thanks to @jbsgreenberg @katie_thomas @nytimes for covering our study @Health_Affairs: study link:
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My latest @Forbes: Why Are Cash Prices Lower Than Health Insurance Negotiated Prices? .@JHUCarey @JohnsHopkinsSPH @BSPH_HPM .
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My comments in @KA_marketplace's story @Marketplace:.“I do not believe the report has evidence showing PBMs harmed patients and plan sponsors,” said Ge Bai, a professor of accounting and health policy at Johns Hopkins. Just because these companies are big doesn’t necessarily make.
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.@SenBillCassidy questioned @SecBecerra @HHSGov @CMSGov about data restrictions. Appreciate @SenBillCassidy 's support of lowering data access barriers and enhancing program monitoring. Full video: my article @Forbes: …; link to
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Full text of my article @Forbes: Power Belongs To Patients: In Memory Of Marshall Allen . Marshall Allen, a prominent healthcare investigative journalist, author, and educator, passed away on May 19, 2024, at the age of 52. Throughout his illustrious career, he fought for one.
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My comments in @caitlinnowens' s story @axios on Private Equity in Healthcare:."Once you are owned by PE firms, your objective is purely to make money," said Ge Bai, a professor at Johns Hopkins Bloomberg School of Public Health. "It's all about maximizing profits.". "Many people.
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Our article @Health_Affairs Forefront: Coauthors: Jonathan Wolfson, @josharchambault , @CM_Whaley, Cynthia Fisher. @InstituteCicero @Brown_SPH @PtRightsAdvoc .May this Good Friday bring us all peace and hope!
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Thank you all for your support of our 2024 Symposium on Health Policy!.videos coming soon.@DebbiRavert @coreyensslin @theomerkel @repkevinhern @SenBillCassidy @brian_blase @endodocPA @joeantos @ChapinWhite @AtulGroverMD @Avik @RealJoeGrogan @PtRightsAdvoc @JHUCarey
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Pharmacy benefit managers: What journalists need to know about the prescription drug middleman industry, by @KDooleyYoung @JournoResource:. The earliest version of pharmacy benefit managers started in the 1960s in the United States, with firms such as PAID Prescriptions acting as.
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Congrats to @MartyMakary on the nomination!.
Trump's Top Candidate for FDA Seen To Be @MartyMakary - Bloomberg
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What Caused High Health Care Prices? .My comments in @TabethaFREOPP's 2023 Annual Conference: Many thanks to @Avik @jwhite_health @brian_blase @GrantRigney.@JHUCarey @JohnsHopkinsSPH @BSPH_HPM
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We Want More Bang For Our Health Care Buck.Full text of my article @Forbes:. U.S. health care spending reached $13,493 per person in 2022. For a family of four, that’s equivalent to almost $54,000 a year. Did we get a big bang for all the bucks we spent? Not only have we failed.
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Grateful to @NIHCMfoundation for supporting @JohnXJiang1, Isabel Wang, and me: @JHUCarey @JohnsHopkinsSPH @BSPH_HPM @michiganstateu @MSUBroadCollege @JHU_HBHI @HopkinsCHSOR
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“Upon reflection, a lot of treatments probably should NOT have been covered by insurance.” . Give patients more control of our healthcare $.
I cared for both of my parents as they died of cancer. They both received an extraordinarily expensive series of treatments – multiple surgeries, chemo, rehab hospitals, ICU, physical therapy, radiation, immunotherapy – it was all covered by their employer health insurance….
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My latest @Forbes: Power Belongs To Patients: In Memory Of Marshall Allen .@MartyMakary @JHUCarey @JohnsHopkinsSPH @BSPH_HPM @PtRightsAdvoc
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The wide across-state varaition in Medicaid managed care price for hospital services: @JAMANetworkOpen. @jeffreydmarr @FrankXu_PhD @Mark_Meiselbach
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Why do you want to shut down voices you disagree with? You even turned off replies. Here is what @JHUCarey @JohnsHopkins stand for: @DrJMarine.
Some of Our Top Schools Are Embarrassing Themselves Over Covid . “Why are places like Stanford and Johns Hopkins hosting gatherings of well-known coronavirus cranks”. By Gregg Gonsalves for @thenation
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Expanding HSA access to all Americans is the right direction. Meanwhile, insurance companies should be allowed to offer affordable plans that cover only costly medical events. Patients choose plans based on their preferences and risk tolerance. As our decades of rigidly.
My latest @Forbes: Health Savings Accounts: A Path To Financial Savings And Better Health. @JHUCarey @JohnsHopkinsSPH @BSPH_HPM .
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Create a dragon, blame it on greed, kill small businesses and turn big ones into cronies, claim credit for slaying the dragon, and the dragon comes back stronger. and so on and so forth.
The rising cost of healthcare isn’t just a flaw in the system—it’s part of a larger strategy. As expenses soar, people demand relief. The government allows corporations to drive up costs, knowing it will lead to public outcry. Once it gets bad enough, they’ll step in with a.
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Congressman Kevin Hern @repkevinhern, Chair of the Republican Study Committee @RepublicanStudy: As more pepole got in between patients and doctors, prices went up.
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Apprecaite @EleanorLaise @MarketWatch for covering our study: Link to study @JAMAHealthForum, coauthored with @joeymattingly.@dkAy_cEe, Gerard Anderson:
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"Dr. Makary's extensive work as a surgeon and public policy researcher demonstrates his professional commitment and leadership in the medical field," Johns Hopkins Medicine said in a statement. "We congratulate him on his nomination and the opportunity to work with the.
President-elect Donald Trump has nominated Johns Hopkins surgeon and public health researcher Marty Makary to lead the U.S. Food and Drug Administration (@US_FDA).
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"Recently, lawsuits have been filed against Johnson & Johnson, the Mayo Clinic, and Wells Fargo for violating Employee Retirement Income Security Act (ERISA) fiduciary duties through wasteful health benefit spending. These lawsuits underscore the growing legal risks faced by.
With @JohnXJiang1 & Max Jiang, our new article @Health_affairs Forefront: Enforcing Hospital Price Transparency: Lessons From CMS Actions.
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Coverage by @AJMC_Journal on yesterday's Senate HELP hearing on medical debt:. In her testimony, Ge Bai, PhD, CPA, professor of accounting and health policy at Johns Hopkins University, cited several ways in which government policies have helped put more money into the pockets of.
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Our new article @Health_Affairs Forefront: Rationalizing Physician Regulation, coauthored with David A. Hyman @GeorgetownLaw & @SunjayLetchuman @IcahnMountSinai .@JHUCarey @JohnsHopkinsSPH @BSPH_HPM @JohnsHopkins
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Some of our most prestigious universities are hosting events with a rogue's gallery of Covid contrarians and conspiracy theorists. Why are they embarrassing themselves like this? Gregg Gonsalves has more.
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Insurance ≠ healthcare ≠ health.
Does health insurance improve health?. 🚨New Paragon paper🚨by Dr. Joel Zinberg & Liam Sigaud finds that:. for most people, health #insurance delivers few, if any, health benefits. 'What Matters for Health: Insurance is Less Important Than You Think?'
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