Serving Lincoln County for more than a century!
Serving Lincoln County for more than a century!
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A report released last week by the Washington State Hospital Association indicates that virtually every hospital in the state is in financial trouble. (here) A recent survey revealed that hospital revenues were up five percent from 2021 to 2022, yet expenses rose 11 percent over the same time period. This is unsustainable. Several, if not many, hospitals are at risk of closing if these losses continue for another year. This includes both rural and urban facilities. Executives...
Liberals in Congress are actively campaigning to force price controls on drug manufacturers. The House has already passed bills that would limit the amount of money pharmaceutical companies can charge for drugs. The fate of this proposed legislation is uncertain in the U.S. Senate. At the same time, the Biden Administration and others on the political left are attacking the companies that have made the COVID-19 vaccines. They seek a waiver to the 1994 TRIPS Act, which was...
A friend of mine, let’s call her Mary, began college at the University of Washington in 1967 and graduated with an undergraduate degree in 1971. According to the university’s records, she paid $3,160 (in 2020 dollars) for her final year of in-state tuition. Mary’s granddaughter, Emma, graduated after four years from the University of Washington in 2020 and paid $10,630 for her final year of in-state tuition. Essentially, school administrators more than tripled tuition at the s...
Regardless of a person's political views, we can all agree that rising cost is a major problem with our health-care system. Last year, Americans spent 18 percent of our economy, or $3.6 trillion, on health care. The ever-increasing cost curve would suggest that by the 2030s the country will spend 30 percent of our gross domestic product on medical treatments. Extensive research has been done to identify unnecessary care and wastefulness in the system. Estimates vary, but from...
