Michael Bond, Ph.D., is a Senior Fellow at the National Center for Policy Analysis. He is also the Senior Fellow in Health Care Policy at the James Madison Institute in Florida, and director of the Center for Health Care Policy at the Buckeye Institute, an Ohio-based organization. Dr. Bond is a Professor of Finance at Cleveland State University. He has taught health care finance along with numerous other finance courses.
His work on Medical Savings Accounts (MSAs) and health-care policy reform has received national attention and appeared in a wide range of professional and popular publications, including Health Care Financial Management, Public Personnel Management, Compensation and Benefits Review, and Benefits Quarterly.
Along with over 70 articles and presentations, he is the author of the nation's first practical guide to establishing MSAs. Many of his reforms for Medicaid reform have been adopted by the states of Ohio and Florida.
He has also authored reports on Medicaid Reform in Texas, Kansas and Florida. He has assisted the Flint Hills Center, the Texas Public Policy Foundation and several other organizations on Medicaid reform.
Bond earned his Ph.D., M.A. and B.A. in economics from Case Western Reserve University and has advised South Carolina Governor Mark Sanford on Medicaid. He founded and serves of Treasurer of the National Business & Economics Society.
Monday, September 24, 2007More Hillary Care IIFiled As: Health CareNow for some more on Hillary Care II. There is a statement in the release that reads “the provision of high quality care, not excessive profits and marketing.” In other words, part of our health care problem is the profit and business overhead of those greedy insurance companies. Who will ... more »»
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Monday, September 17, 2007Hot Off The Presses!! Hillary Care IIFiled As: Health CareI'm digging through Senator Clinton's health care proposal right now. A first quick read indicates that this thing may keep me in blogs for some time! Some good, a lotta bad and some REAL UGLY. Here is problem number one: The centerpiece of Clinton's "American Health Choices Plan" ... more »»
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Monday, September 17, 2007Price Controls For Doctors Too!Filed As: Health CareI’ve been commenting on how Medicare switched to a DRG System for paying hospitals for services and capital. The system was supposed to promote efficiency in the delivery of health care by making payments “prospective” so that hospitals that delivered care at a lower ... more »»
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Thursday, September 13, 2007Do Incentives In Health Care Matter?Filed As: Health CareIn my last blog post I pointed out that larger hospitals responded to Medicare switching its reimbursements for capital costs to a prospective basis by implementing capital budgeting systems. The logic was that, given a fixed payment for ... more »»
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Monday, September 10, 2007Do Incentives Matter In Health Care?Filed As: Health CareCritics of consumer based health care argue that this type of product is fundamentally different than other goods and services. Consumers are not capable of making decisions regarding their care (but government bureaucrats and HR employees are), the cost of care will have little influence over their ... more »»
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Tuesday, September 4, 2007HSAs: One Size Does Not Fit AllFiled As: Health CareIncentives matter. That’s the idea behind Health Savings Accounts where 100% cost sharing will reduce unneeded medical utilization. Even critics of HSAs concede that they will induce individuals to economize on medical usage. The standard HSA design involves a high deductible plan of, say $5,000, ... more »»
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Tuesday, August 28, 2007The Power of Compounding In Health CareFiled As: Health CareCompounded interest is a powerful concept. Even at low rates it produces big amounts of money over long periods of time. This is true for both investments and the nation’s health bill. Those of us who argue that health care is inefficient because of the lack of a real market place believe that ... more »»
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Thursday, August 23, 2007The Advantage of Advantage PlansFiled As: Health CareMedicare Advantage Plans are under attack in Congress for costing more than traditional fee for service Medicare. In a previous post I have argued that critics of Advantage are comparing apples and oranges and that Advantage plans offer ... more »»
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Monday, August 20, 2007Do Medicare Advantage Plans Really Cost More?Filed As: Health CareAfter failing to give Medicare the power to “negotiate” drug prices under Part D some in Congress have now decided they will save money by lowering payments to private sector Medicare Advantage Plans. Around 18% of beneficiaries are enrolled in these plans nationwide. These plans bid for ... more »»
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Monday, August 13, 2007Choices In Health Insurance: Going In The Wrong DirectionFiled As: Health CareI have argued earlier that competition among health plans is crucial for reforming the U.S. health care system. Only a real marketplace can make consumers cost conscious and promote innovations in economical delivery of medical care. A crucial part of creating a real marketplace in ... more »»
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