Healthcare costs – Medic Buzz Wed, 23 Nov 2022 03:31:20 +0000 en-US hourly 1 Healthcare costs – Medic Buzz 32 32 AHF • AHF sues Apexus over failed drug price negotiations 340B Wed, 23 Nov 2022 01:01:06 +0000

Apexus has an exclusive federal contract to negotiate drug discounts for nonprofit safety net providers so they can provide more services

AHF alleges their failure to do so is illegal, costs millions of dollars and harms public health

LOS ANGELES (November 18, 2022) AIDS Healthcare Foundation (AHF), the world’s largest AIDS service organization, which cares for more than 116,000 people in the United States and is a critical safety net provider for disenfranchised populations at high risk of HIV/AIDS, filed a federal lawsuit (Case #2: 22-cv-08450) against Apexus, LLC, asserting breach of contract allegations; Breach of implied covenant of good faith and fair dealing; and Illegal, unfair or fraudulent business practices.

Apexus, which has an exclusive contract to manage the Primary Provider Program (PVP) of the Health Resources and Services Administration (HRSA) 340B Drug Pricing Program, is responsible for negotiating price discounts for drugs for AHF and other eligible nonprofit health care facilities participating in the 340B drug rebate program (referred to as “covered entities”).

In its lawsuit, AHF claims that Apexus’ failure and refusal to perform its obligations under the contract fairly, in good faith and without discrimination cost AHF millions of dollars in life-saving prescription drugs. against HIV/AIDS, affecting AHF’s ability to provide life-saving care. . All other 340B entities, such as hemophilia centers, charitable hospitals, and community clinics, are also harmed.

“AHF filed this civil action to recover the many millions of dollars lost due to Apexus’ failure to conduct prompt and successful price negotiations on our behalf, in violation of the exclusive contracts Apexus entered into with HRSA” , said David Grun, lawyer for the AHF. “They have a job, and they won’t do it. At a time when health care costs are rising and rural hospitals are closing in record numbers, Apexus’ illegal inaction is hurting nonprofits and the patients they serve. »

Background to the 340B Drug Pricing Program and Apexus Exclusive Contract

The 340B Drug Pricing Program is a government-administered, but privately funded program that requires drug manufacturers to sell outpatient drugs at a discounted price to eligible healthcare organizations such as AHF on behalf of their patients. It is hosted under HRSA and does not cost the government anything – the discounted drug price comes directly from participating pharmaceutical companies. Pharmaceutical manufacturers wishing to offer their products under the Medicaid program are obligatory to offer $340 billion in drug prices to covered entities as a condition of participation in the Medicaid program.

Apexus is a wholly owned subsidiary of Vizient, Inc., a healthcare consulting company with a contract portfolio representing over $130 billion in annual purchase volume and $409.8 million in total reported revenue by suppliers and healthcare in 2021. — and an exclusive five-year contract to be the sole primary supplier for the 340B in fall 2019.

Voluntary medical male circumcision: an entry point into HIV prevention and a priority for AHF Philippines

UK health spending over the past decade lags Europe by £40bn a year Wed, 16 Nov 2022 18:01:10 +0000

The UK spent around 20% less per person on healthcare each year than similar European countries over the past decade, according to new research that shows how the NHS has historically been starved of funding.

Data from the Health Foundation, which was shared with the Financial Times, revealed that healthcare spending in the UK would have had to rise by an average of £40billion a year over the past decade to match spending health per capita in 14 EU countries.

It comes as the government prepares to reveal its spending plans in Thursday’s autumn statement and sheds new light on how a decade of austerity has affected the NHS, which is collapsing as it unravels preparing for its toughest winter ever.

Last month, the NHS finance chief warned the service would face a £7billion black hole next year, in part due to the impact of inflation, which is eating away at health regulations. hard-earned funding.

Steve Barclay, Health and Social Care Secretary, hinted in a speech to the annual NHS providers conference on Wednesday that the health service would receive more money in the statement to help it cope with the price increase. “I can absolutely confirm that we need support to deal with these inflationary pressures.”

Meanwhile, the lag between the UK and similar countries in spending levels revealed in Health Foundation data is offset by a chasm in survival rates for some conditions. In the UK, only 13% of people diagnosed with lung cancer live at least five years, according to 2014 data, the most recent available. This is the lowest among the countries surveyed, with Japan leading with 33%.

Meanwhile, 9% of people in the UK who suffered the most common type of stroke died within 30 days in 2019, compared to 6.2% in Germany.

“Either we’re going to have lower quality health care compared to other countries, or we’re spending more,” said Anita Charlesworth, director of research for the Foundation, who led the work.

Bar chart of age-standardized lung cancer 5-year survival rate, 2010-14* (%) showing that UK survival rates for certain diseases are lower than in other developed countries

In the decade before the pandemic, the UK spent on average around a fifth less on daily healthcare costs than the main EU countries surveyed. During the Covid crisis, spending increased by 14% compared to the EU14 average which is just under 6%. However, this high level of spending had been necessary to offset years of attrition on the eve of the crisis, Charlesworth said.

The UK’s total healthcare budget was £187bn a year, on average, between 2010 and 2019. £227bn would have had to be spent to match the EU14 average during the pre-pandemic decade.

The increase in funding allowed other countries to benefit from years of greater investment when the pandemic hit. In Germany, for example, more beds and higher staff ratios than in the NHS have helped ensure the crisis does not disrupt other healthcare.

Chart showing UK had to spend more during Covid to make up for underfunding in the decade before the pandemic – change in public health spending per person, 2019-20 compared to average spending 2010-19

Professor Heyo Kroemer, chief executive of Berlin’s Charite Hospital, one of Europe’s largest academic medical centres, said that although some elective work has been postponed and other activities curtailed, there is no hadn’t had a total stoppage of non-Covid treatments and long waiting lists hadn’t built up like they had in the UK.

He added that although a significant number of employees were currently sick with Covid, the wait for a hip replacement, for example, was no more than a few weeks: “It’s still in a period where you can bear,” he said. In contrast, the median wait time for patients waiting to start such elective treatment in England at the end of September was 14 weeks.

Health Foundation research shows the UK would have had to spend an extra £73bn, or 39% more, every year between 2010 and 2019 to match Germany.

Only four of the countries studied – Spain, Portugal, Italy and Greece – spent less per person than the UK over the same period. However, Charlesworth pointed out that this shortfall was mainly the result of a lack of spending on social care, reflecting a southern European tradition of families caring for loved ones.

Anita Charlesworth
Anita Charlesworth: “Either we are going to have lower quality health care compared to other countries or we are spending more” © Richard Gardner / Shutterstock

The researchers also looked at Britain’s capital health expenditure on buildings, technology and equipment compared to its European neighbours. Although the data available only allowed comparisons to be made for eight countries, it found that between 2010 and 2019 an additional £33bn of cumulative UK investment in health infrastructure would have been needed to match to the total EU average invested over the period. This would have required an investment 55% more than it actually was.

The picture is not entirely gloomy. Praising NHS testing services and the small amount it has spent on administration, Charlesworth said: ‘Our system has real structural strengths which allow us to use precious resources more efficiently than many other countries and to try to get good health outcomes for that expense. .”

However, she added that there is “only how far efficiency can take you”.

The Department of Health and Social Care said the NHS budget had risen from £123.7bn in 2019-20 to over £162bn in 2024-25.

He added that he planned to spend more than £8billion over three years to support elective recovery and £5.9billion of NHS capital ‘to deliver new beds, equipment and technology’.

Key factors driving the healthcare facility management market Mon, 14 Nov 2022 06:07:10 +0000

The US healthcare facility management market is expected to grow at a significant rate during the forecast period 2023-2027, according to a recent report by Research and Markets.

The growth of the market can be attributed to the increasing prevalence of chronic diseases and increasing healthcare expenditure. Additionally, increasing adoption of advanced technologies by the healthcare industry is contributing to the growth of the healthcare facilities market in the United States. Along with these trends, there is a need to expand cleaning services and capabilities – with key manufacturers such as Ecolab and building services contractors (BSCs) including Aramark, Sodexo and Compass Group all looking to expand their presence in the market.

Due to private and public investments and the increase in the number of patients in need of quality care services, the healthcare industry is one of the largest vertical industries in the United States. According to the Centers for Medicare and Medicaid Services (CMS), national health care spending is expected to grow at an average annual rate of 5.4% by 2028, reaching US$6.2 trillion, and health care’s share of the economy will grow to 19.7% by 2028. 2028.

Growth in health expenditure increases the contribution of the health sector to the country’s GDP. The plans of major authorities to construct a large number of hospitals and clinics are expected to fuel the growth of the market. The growing demand for modern and technologically advanced solutions to improve the quality of services provided by healthcare institutions is accelerating the demand for cloud computing solutions. Cloud-based solutions are increasingly used in healthcare facilities because they offer greater flexibility and adaptability than on-premises solutions.

These solutions help increase security and reduce the occurrence of cyber threats, making them popular among healthcare institutions. Cloud-based healthcare facility management improves collaboration between teams and branches working in various remote locations, significantly reducing operational costs for organizations.

Increased number of market players and high availability of innovative cloud-based healthcare facility management solutions are expected to create lucrative growth opportunities for the US healthcare facility management market over the past five coming years. The widespread use of the Internet and the proliferation of smart devices are expected to drive the adoption of remote healthcare monitoring devices. Patients are increasingly aware of the benefits of using advanced technologies and equipment that are more precise and efficient than traditional medical devices.

The introduction of devices capable of tracking medical equipment in real time, collecting patient data via wearable devices and efficient inventory management using low-cost Bluetooth technology should provide many avenues. of growth for the healthcare facilities management market in the United States. next five years. The software services segment is expected to hold the largest share of the healthcare facility management market in the United States due to their greater adoption in the workplace to make it safer, enjoyable and efficient.

The full report can be accessed here.

]]> Non-pharmacological treatments outperform opioid treatment for patients with chronic non-surgical pain Fri, 11 Nov 2022 17:03:51 +0000 Updated prescribing guidelines published in 2014 and 2016 may explain a lower opioid use of 11.7% among patients with chronic nonsurgical pain.

According to a study published in Open JAMA Network. Chiropractic treatment increased the most among non-pharmacological treatment types, but acupuncture and massage therapy were the least common.

For the primary endpoint, the researchers looked at the association between calendar year (2011-2019) and mutually exclusive pain treatments. The secondary endpoint examined the prevalence of non-pharmacological treatments – both endpoint analyzes were stratified by type of pain.

“Between 2011 and 2019, the use of non-pharmacological treatments increased while neither the use of opioids nor non-pharmacological therapy decreased,” the study authors wrote.

Between 2016 and 2019, the study also found a large increase in non-pharmacological treatments. This may be a response to updated CDC guidelines from 2016, which suggested reducing opioid prescriptions for chronic pain.

In 2010, 19% of American adults suffered from chronic pain. It is estimated that this rate will increase over the next decade. Annual pain-related expenses can include healthcare costs, which can range between $261 billion and $300 billion, and lost productivity, which can cost up to $355 billion.

Previous studies have shown that low-risk, non-pharmacological treatments can reduce pain and improve function. These interventions may include acupuncture, consultation with a chiropractor, massage therapy, occupational therapy and physiotherapy.

These treatments may also have fewer adverse effects (AEs) than opioids, which are “associated with an increased risk of [AEs] including falls, abuse or diversion, preventable hospitalizations, and overdose mortality,” the study authors wrote.

The study authors sought to describe annual trends in mutually exclusive use of prescription opioids, non-pharmacological treatments, both or neither, use of various non-pharmacological treatments, the relationship between year schedule and type of treatment, and the annual use of treatment according to the severity of pain.

The researchers included 46,420 respondents in a serial cross-sectional analysis, in which they estimated the use of outpatient services among adults with chronic or surgical pain (and without cancer).

According to the results, only patients with chronic non-surgical pain used more non-pharmacological treatments than opioids. Specifically, the use of a chiropractor increased to 8.4% in 2012 and in 2019, 25.6% of all participants with chronic pain were treated by a chiropractor.

“Among cancer-free adults with pain, the annual prevalence of non-pharmacological pain treatments increased and the prevalent use of neither opioids nor non-pharmacological therapy decreased for the chronic and surgical pain cohorts,” wrote the authors of the study.

Limitations of the study include that the results are not generalizable to all populations. Additionally, the researchers did not include pharmacological substitutes for opioids. Instead, they combined all non-pharmacological treatments into one category and only identified chronic pain using the Agency for Healthcare Research and Quality.

“Our study has broad clinical and policy relevance, including expanding reimbursement for non-pharmacological healthcare professionals and equalizing direct access – without a physician referral – between these professionals in certain circumstances,” wrote the study authors.


Prichard, Kevin. Baillargeon, Jacques, Lee, Wei-Chen, et al. Trends in the use of opioids versus non-pharmacological treatments among adults with pain, 2011-2019. JAMA Netw Open. 2022;5(11):e2240612. doi:10.1001/jamanetworkopen.2022.40612

The economy and health care are among the top issues facing candidates running in Michigan’s 4th District race Tue, 08 Nov 2022 22:56:00 +0000

ST. JOSEPH, Mich. — Three candidates are currently vying to represent Michigan’s 4th District, which, due to redistricting, covers parts of Van Buren, Kalamazoo, Ottowa, Allegan and Calhoun counties.

For those in the running, the main issues they hope to solve include improving the economy and solving health problems.

Incumbent Republican candidate Bill Huizenga is running on a promise to create more jobs and increase the growth of the economy to help tackle the growing problem of inflation. He also says he would support initiatives that promote the use of more alternative energy rather than being dependent on foreign oil.

Huizenga also promises to help make health care more affordable, saying it is often “out of reach for far too many people”, adding that improving mental health care should be a priority.

He believes in supporting immigration reform, although he says border security must be a priority.

Democratic challenger Joseph Alfonso also wants to increase access to health care and promises to work with small businesses to create more job opportunities, to help those without a college degree earn living wages and stimulate the economy.

Alfonso also supports extending more tax incentives to clean energy providers and, like Huizenga, calls for immigration reform, but believes citizenship should be easier to obtain for immigrants.

Also in the running is Libertarian candidate Lorence Wenke, who proposes health care costs could be improved by offsetting them by taxing “harmful” products containing alcohol, sugars and trans fats. To help improve the economy, Wenke backs the call for higher taxes for the wealthy, the return of manufacturing jobs to America, and cuts in financial aid for the unemployed who “could work and refuse.”

Wenke also calls for border security to control illegal immigration.

The elected candidate would serve two years in the House of Representatives.

Social Security recipients could see their purchasing power increase in a recession Sun, 06 Nov 2022 07:30:00 +0000

Text size

Wilmington is famous for its pre-war and Civil War history, as well as its relevance in pop culture (it’s the setting of the TV show “Dawson’s Creek” and the movie “Cape Fear”). A one-bedroom apartment costs $1,132 here, while monthly healthcare will set you back $539 — the highest on this list. Groceries are also expensive, at $438 per month. Wilmington has the highest percentage (18%) of people 65 and older on this list.

Davel5957/Getty Images/iStockphoto

Davel5957/Getty Images/iStockphoto


A one-bedroom apartment in Durham costs $1,181 per month, while monthly groceries cost $435 and monthly healthcare costs $445. Fifteen percent of the city’s population is 65 or older. Durham is known as the city of medicine, as healthcare is its biggest industry.

Scott Richie /

Scott Richie /


Concord is the second most affordable city to live in for $2,500 a month, but it actually has the highest livability score of anyone featured. Maybe it has to do with the fact that it’s a cultural epicenter, with tons of art galleries and museums. A one-bedroom house in these areas costs $1,057 per month, groceries cost $429, and health care costs $433.

Kevin Ruck /

Kevin Ruck /


If you’re on a budget of $2,500 a month, you’ll get your money’s worth living in Greensboro, where a one-bedroom apartment is $1,069, groceries are $420, and healthcare costs hover around $423. . Greensboro is also known as Tournament Town, in light of its abundance of sporting venues.

Methodology: GOBankingRates determined where to live in North Carolina on less than $2,500 per month based on (1) the average monthly benefit for retirees, from the Social Security Administration; and ApartmentList data to find (2) the average rent for a room in 2022 in North Carolina cities. GOBankingRates then searched Sperling’s Best to find the cost of living index for each city listed, looking at (3) the index scores for grocery stores and (4) the health care index. GOBankingRates also used data from the Bureau of Labor Statistics 2020 Consumer Expenditure Survey to find the amount of annual expenses for groceries (“food at home”) and healthcare costs for people aged 65 years and older to determine how much a person aged 65 and older would spend on groceries and health care in each city on a monthly basis. GOBankingRates then added monthly housing, grocery, and health care costs. For a city to qualify for the study, its (5) population had to be 10% or more over the age of 65, according to the US Census Bureau; and (6) have a livability score of 65 or higher, from AreaVibes. All data was collected and updated on October 11, 2022.

More from GOBankingRates

This article originally appeared on 6 Best Places to Retire in North Carolina on Under $2,500 a Month

Best health insurance for young adults in 2023 Mon, 31 Oct 2022 22:19:03 +0000

final verdict

The best health insurance plan for you will depend on the details of your personal situation. However, these four are worth considering if you are a young adult. A good place to start your search is with value-rich Aetna, especially if you qualify for tax credits or a tech-savvy Oscar. However, if affordability is your top priority, Molina is worth checking out for its low-deductible bronze plans. If you don’t qualify for premium tax credits and don’t expect to use your plan much, Blue Shield Blue Cross catastrophic coverage might be a good option.

Frequently Asked Questions

How much does health insurance cost?

The cost of health insurance varies depending on factors such as the plan you choose and whether you qualify for the premium tax credit. Insurers are only allowed to consider five factors to determine your costs: age, location, smoking status, individual or family enrollment, and plan category. For example, when looking at insurance costs for 25-year-olds, premiums on bronze plans averaged about $294 and deductibles averaged $8,133. When browsing through plans, look at all the costs you’ll incur, including a plan’s premiums, deductibles, copayments, and coinsurance.

What is a copayment of health insurance?

A co-pay is an amount an insurer asks you to pay for a health service, usually for prescription drugs and doctor visits. In some cases, you may be able to pay the co-pay for services before your deductible is reached. For example, a plan may have a $2,000 deductible, but a $50 copayment on doctor visits and a $15 copayment on prescription drugs. Copayments help make certain services more affordable before the deductible is satisfied.

What is a health insurance deductible?

A health insurance deductible is the amount you must pay for health care services each year before your coinsurance kicks in and begins to cover a percentage of your costs. Insurance policies define which costs count towards your deductible and which do not. For example, lab tests, MRIs, and hospital bills generally count toward your deductible, while premiums do not. Copays may or may not count. So if your deductible is $2,000 and your coinsurance is 30%, you’ll have to pay $2,000 in eligible health care costs before your insurance starts covering 70% of your costs.

What is a catastrophe plan?

A catastrophic health insurance plan is a low-premium, high-deductible health insurance plan for people under age 30 or who qualify for a hardship or affordability exemption. It includes the ten essential health benefits and preventive services at no cost required by all plans on the market. Plus, it covers at least three primary care visits per year before you’ve paid your deductible. Premium tax credits don’t apply to catastrophic coverage plans, so they generally don’t offer the best value unless you don’t qualify for a tax credit on a bronze or silver plan .


To determine the best health insurance companies for young adults, we considered criteria in the following categories.

  • Client satisfaction: We used NCQA scores, primarily, and scores, secondarily, to measure this criterion.
  • Status availability: This metric indicates how widely available the plans are in the United States
  • Package Features: For each company, we collected and analyzed whether they offered the following:
  • Types of packages: HMO, PPO, EPO, POS and other types of plans
  • Benefits of the scheme: Programs to help manage asthma, heart disease, depression, diabetes, pain, high cholesterol and blood pressure, pregnancy, low back pain and weight loss
  • Dental coverage: Coverage for children’s dental, adult dental, both or neither
  • Metal levels: Bronze, silver, gold and platinum plans and catastrophic coverage
  • Cost to value: We compared physician copayments, specialist copayments, monthly premiums, and deductibles for bronze and silver plans across different age groups across two zip codes, representing the highest enrollment in ACA plans by state.
  • Reduction of the tax credit on premiums: We have researched and compared the percentage of plan premiums eligible for reduction by the premium tax credit.

]]> Solomon wants government to get out of health care as Roberts touts cost-cutting record Fri, 28 Oct 2022 22:25:44 +0000

With enrollment open for the thousands of Coloradans in the individual and small group health insurance markets coming next week, State Rep. Dylan Roberts of Avon is touting years of hard work, mostly by Democrats , to reduce costs in underserved rural areas of the state.

Recently announced statewide cost increases would be far worse without state and federal efforts, Roberts argues, and can be offset and significantly reduced by shopping around and taking advantage of recently expanded federal subsidies in law. on affordable care (Obamacare).

By contrast, Roberts’ Republican opponent for the critical Northwestern Colorado state senate seat in the Nov. 8 election – Matt Solomon – said “the government has no business when it comes to health care, and he generally believes in the idea that “Taxpayer-funded health care should be abolished in all its forms.”

matt solomon

In a candidate assessment on the Christian election website, which claims to be “rooted in God. Rooted in Research,” Solomon, a businessman and former Eagle City Council member, was asked the following question about health care:

“Which best matches your views on health care: A) Health care for all should be guaranteed and funded by the government, with no option for private health care. (includes “universal health care” , “Medicare for All,” etc.) B) Government funded health insurance should be available to anyone who wants it, along with private health care options C) Medicaid and Medicare should remain available , but no other taxpayer-funded programs are needed D) Taxpayer-funded health care should be abolished in all its forms, and Medicaid and Medicare should be de-funded.

Solomon replied, “I fall somewhere between C and D. I am a believer in D; however, I am not opposed to C. I feel that the government has nothing to do, but at the same time, I see the value of Medicaid and Medicare and am not opposed to keeping it in place, as long as we are watching it for abuse.

Asked by email to clarify his statement on the questionnaire and whether he would like to see Obamacare repealed at the federal level and therefore end the state expansion of Medicaid that has dramatically reduced the number of uninsured Coloradans in recent years , Solomon did not respond. He also did not respond to questions about the state reinsurance program or the public option.

Roberts sent a lengthy email response to questions about recent rate increases and overall efforts to reduce health insurance and health care costs on the West Slope, which previously had some of the highest rates. Highest State and Least Competition:

“Ensuring that every Coloradan has access to an affordable, high-quality health insurance plan has been and always will be a priority for me,” Roberts wrote. “Thanks to the bills we passed in the Legislature, including reinsurance, the Colorado Option, and prescription drug price controls, most Coloradans who purchase insurance this fall will have access to After choice and increase savings when combined with ACA tax credits just extended by the IRA [Inflation Reduction Act]. I encourage everyone to shop around and use the help that is out there to bring their costs well below the state average and save money over what they paid last year. For example, high country residents could save up to 38% over last year from subsidies and reforms in Colorado. When I took office in 2018, Eagle County and High Country had the highest insurance costs in the country, had no choice or competition, and we were seeing price increases of over $40 % year after year. We’ve ended that and it’s translating into massive savings and thousands more Colorado residents have access to the security of insurance coverage.


Open registration for the ACA on the Connect For Health Colorado website begins Tuesday.

The so-called “entitlements” of federal government programs such as Social Security, Medicaid coverage for low-income Americans and Medicare for the elderly have recently been a hot issue for the midterm elections. . House Minority Leader Kevin McCarthy — a California Republican and the presumptive Speaker of the House if Republicans regain control — said he would use the debt ceiling debate to cut funding for those programs popular. Roberts calls such talk “dangerous.”

“It’s really shocking to hear that people running for office support something as dangerous as eliminating Medicare,” Roberts said. “Although this is a federal program not controlled by the state legislature, this should be a huge red flag, and I hope every senior in Colorado is aware of this prospect, because it would be devastating to the security of the elderly in the state and the country. Additionally, eliminating Medicaid, which is governed in part by the state legislature, would hurt the state’s most vulnerable and plunge thousands of Coloradans into poverty and without care. Finally, repealing the work done by the legislator in recent years would be extremely harmful. For example, data released this week showed that without reinsurance and the Colorado option, insurance prices would have increased by over 42% statewide instead of the planned 10% and no subsidy would be available to help Coloradans save money on insurance. I heard no plans from the other side as to what they would replace our reforms with other than getting us back to where we were in 2018, which was not working for families and individuals here in Colorado.

In Colorado, GOP Senate candidate Joe O’Dea also supported cutting Medicare and Social Security benefits. Republican congressional candidate Barbara Kirkmeyer, who is running in Colorado’s most competitive race for the US House, said Medicare should be “temporary”.

Consumer advocates continue to point the finger at insurers and hospitals for not doing more to cut costs.

“After several years of fairly stable health insurance prices, consumers in Colorado are going to feel these increases, especially in rural areas,” Mannat Singh, executive director of the Colorado Consumer Health Initiative, said in a press release. “Insurers and hospitals are not trying hard enough to meet the reductions required for some Colorado Option plans, but rather are setting a baseline for not meeting targets without reasonable justification.”

Singh points out that search rates would be 32% higher than next year’s increase without reinsurance.

“Health insurance continues to be unaffordable for too many Coloradans, despite reinsurance moderating premium prices and supplemental plans being offered in more counties,” Singh said. “Premium rates must be reasonable and justified – industry should not use the pandemic or ongoing inflation to boost corporate profits.”

Study: Going to Net Zero Emissions Would Create Jobs and Boost Wisconsin’s Economy | Top Stories Wed, 26 Oct 2022 10:46:00 +0000

WAUSAU, Wis. (WAOW) – Wisconsin has a path to transitioning to net-zero emissions by 2050, and a way to do it cost-effectively, according to a new report released Tuesday. This means that the state would not emit more greenhouse gases into the atmosphere than it removes.

Two studies make up the report, titled “Wisconsin’s Roadmap to Net Zero by 2050.” A study was commissioned by Evolved Energy Research, GridLab, RENEW Wisconsin and Clean Wisconsin. The other was conducted by Cambridge Econometrics.

The studies evaluated seven different pathways to decarbonization in Wisconsin:

  1. Baseline: No electricity or emissions policy
  2. 100% clean electricity: 100% clean electricity with no economy-wide emissions targets
  3. Net Zero Economy-Wide: 100% clean electricity and net zero emissions economy-wide by 2050
  4. No expansion of transmission: net zero by 2050 with no expansion of interstate transmission
  5. Accelerating clean electricity: Net zero by 2050, 100% clean energy by 2040
  6. Delayed action: net zero by 2050 with the transition to highly efficient electrical end uses delayed by 10 to 15 years
  7. Limited coal and gas: net zero by 2050 without new gas-fired power plants and accelerated coal phase-out

They found that Path 3, Net Zero Economy-Wide, would have the most economic, health, and emissions benefits.

In this approach, Wisconsin would transition to 100% clean energy while eliminating carbon emissions from several industries, including the building, transportation, and industrial sectors.

Benefits of achieving net zero emissions

Studies have found that the Net Zero Economy-Wide approach will have costs comparable to no policy change or just transitioning to clean energy, but it will have greater economic and health benefits for Wisconsin residents. .

Economically, achieving net zero emissions will create 68,000 new jobs in the state. Researchers said about half of those jobs would be in industries like power supply, construction and manufacturing. The other half would be in the supply chain and service sectors and would be created by increased economic activity.

The report says the most populated areas of Wisconsin would see the most new jobs. That means areas like Milwaukee and south-central Wisconsin could see big benefits.

The researchers also found that the investment in wind, solar, and battery storage needed to reach the net zero goal would increase the gross state product of Wisconsin, adding an estimated $16 billion to the state. state economy.

The health benefits come from the elimination of combustion engine vehicles, as well as coal and gas-fired power plants.

“By 2050, Net Zero Economy-Wide averts 28 to 63 deaths per million people each year, significantly reduces hospital admissions and lost work days, and significantly improves all modeled health measures,” the report says. report.

The researchers also found that Wisconsin residents won’t have to wait 30 years to see the benefits of change. The study found that Badger State residents could save up to $275 per person per year in healthcare costs as early as 2030. In total, Wisconsin residents could save up to $4.4 billion. dollars in healthcare costs avoided by 2050.

The path to net zero

Achieving net zero emissions will not happen easily or without change. The report says it “will require aggressive action at virtually every level”.

This action will require more construction of wind and solar energy infrastructure and a sharp reduction in the use of fossil fuels.

The studies found that pursuing clean energy generation while accelerating the electrification of other parts of the economy is the most cost-effective path.

The model researchers used in the Net Zero Economy-Wide scenario assume rapid and widespread adoption of electric vehicle use, with all light- and medium-duty vehicles sold in 2035 being electric. The researchers also modeled all sales of appliances like air conditioners and stoves as all-electric or hybrid in the same year.

“These measures have the effect of reducing or nearly eliminating fuel consumption, ensuring that electricity is the main source of energy in 2050, as opposed to gas or other fossil fuels,” the report said.

As more people depend on renewable energy for their daily lives, Wisconsin’s electricity consumption would skyrocket, and the researchers said an expansion of transmission connections between Wisconsin and neighboring states would be needed. .

“In Net Zero Economy-Wide, one-third of all energy used in Wisconsin in 2050 is imported from neighboring states,” the report said.

In their model, the researchers predict transmission expansion from 2035 with additional capacity built between Wisconsin and Iowa, Minnesota and Illinois.

Despite the increase in energy consumption, studies have found that the changes will help families’ wallets.

In the baseline model with no policy change, the report says direct household energy costs would be 6% higher in 2050 than they are in 2022. Most of the costs would be variable expenses, such as the cost of gas for transporting and using gas at home for heating. and the kitchen.

With the Net Zero Economy-Wide approach, direct household energy costs would be 15% lower than in the baseline scenario. Instead of spending money on products whose prices change often, families would spend more money up front on investments like appliances, but spend less money on heating and powering their homes.

Overall, the researchers found that total energy consumption in Wisconsin will be lower in 2050 than in 2022, as people switch to more efficient appliances and vehicles.

Proposed Policy Changes

The researchers said achieving net zero emissions will require “coordinated policy intervention across multiple industries, regulators and policymakers.”

The keystone of the plan is the electricity sector.

Right now, Wisconsin’s coal fleet is mostly set to retire by 2035. The researchers propose pushing that to 2030. They said that more than a third of all Wisconsin emissions in 2018 came from coal production.

“[This suggests] that a clean electricity policy can have an outsized impact on Wisconsin’s emissions goals,” the report said.

The report also calls for new clean energy resources, including state legislators passing legislation establishing the legality of third-party charging for electric vehicles.

The researchers also propose changes to transportation and building policies to make electric vehicles and efficient electric technology more accessible and affordable.

They also suggest the development of a clean fuels industry to foster innovation.

The researchers said that if Wisconsin does not pursue a path to net-zero emissions, “the costs are higher and the outcomes for Wisconsin residents are worse.”