Ge Bai

6.2K posts

Ge Bai banner
Ge Bai

Ge Bai

@GeBaiDC

Professor of Accounting @JHUCarey @JohnsHopkins, Professor of Health Policy & Mgt @JohnsHopkinsSPH @BSPH_HPM, former visiting scholar @USCBO, CPA, Healthcare $

Washington, DC Katılım Aralık 2015
57 Takip Edilen5.4K Takipçiler
Sabitlenmiş Tweet
Ge Bai
Ge Bai@GeBaiDC·
ObamaCare Is a Money Pit for Taxpayers @WSJ @WSJopinion "Using health insurers’ mandatory filings, our study, published Friday in JAMA Health Forum, shows that the ObamaCare individual market has become a money pit for taxpayers. In 2024 they paid nearly 80% of the premiums for subsidized plans—compared with only 30% in 2014. Taxpayers paid more than $114 billion directly to insurers in 2024—one-third more after inflation than in 2023, more than double the amount in 2020 (before the enhanced subsidies), and more than six times as much as in 2014. According to the Congressional Budget Office, this acceleration continued in 2025... The market size for unsubsidized ObamaCare plans shrank by a quarter, from $23 billion in 2014 to $17 billion in 2024. ObamaCare is a poor value, a product few Americans would voluntarily purchase without subsidies."
Ge Bai tweet media
Ge Bai@GeBaiDC

Today's @WSJ op-ed with Elizabeth Plummer: ObamaCare Is a Money Pit for Taxpayers Congress may yet extend ObamaCare “enhanced” premium subsidies. A new study shows why that would be a reckless act toward taxpayers. Using health insurers’ mandatory filings, our study, published Friday in JAMA Health Forum, shows that the ObamaCare individual market has become a money pit for taxpayers. In 2024 they paid nearly 80% of the premiums for subsidized plans—compared with only 30% in 2014... Congress has thrown taxpayers under the bus—forcing them to pay for nearly the entire ballooning cost of subsidized ObamaCare plans, including fraudulent ones. Taxpayers in employer-sponsored plans are also saddled with higher premiums, higher prices and stagnant care delivery caused by ObamaCare’s market distortions. What Congress sold to the American people as targeted assistance for lower-income families has become a broad entitlement with no spending limit. ObamaCare’s structural flaws and subsidy design are a direct attack on taxpayers’ hard work, sacrifice and discipline. Taxpayers, who keep the economy running and sustain care for the most vulnerable, deserve empathy and justice.

English
34
266
788
131.7K
Amy Gurley
Amy Gurley@amygurley·
So special to be back where we started, celebrating this incredible moment with you. Some cities hold your beginnings — and your victories. What a launch, @bgurley . So happy for you. ❤️🤘 #RunninDownADream
Amy Gurley tweet mediaAmy Gurley tweet media
English
2
1
12
649
Ge Bai
Ge Bai@GeBaiDC·
@mcuban @JournalGIM You’re right it’s incomplete. It’s from hospital cost reports submitted to CMS—no info on affiliated entities.
English
2
0
11
1.3K
Mark Cuban
Mark Cuban@mcuban·
@GeBaiDC @JournalGIM Until I see detailed general ledger entries , POs , affiliated companies , I don't believe any of it
English
51
33
960
37.8K
Ge Bai
Ge Bai@GeBaiDC·
@HHS_Jim Technology paired with deregulation is deflationary.
English
2
2
15
703
Ge Bai retweetledi
Deputy Secretary Jim O'Neill
Technology is deflationary. Technology paired with deregulation will improve outcomes, expand access to care and increase standards of living. I had many good meetings at the J.P. Morgan health care conference about accelerating innovation.
Deputy Secretary Jim O'Neill tweet media
English
15
25
231
10K
Ge Bai
Ge Bai@GeBaiDC·
"Remove the link (from HSAs) to insurance. Increase the caps considerably, or remove them altogether." —@mcuban "Pay doctors directly in free market conditions and you will get the best price." —Karim Wahib "When people understand their options, when they see models like direct primary care or community-driven prevention they start to reclaim control over both cost and care. That's the part the entrenched interests fear most." —@DrHirschfield
Ge Bai tweet media
Mark Cuban@mcuban

Why are HSAs connected in any way to insurance policies ? Don't we want people to save as much as possible for their healthcare ? Remove the link to insurance. Increase the caps considerably, or remove them altogether

English
7
9
54
3.1K
Ge Bai
Ge Bai@GeBaiDC·
"Social media is a platform for the people searching for clinicians who fill the deficit that patients get from status quo providers." "Social media can shift power by giving physicians and patients a direct voice outside traditional gatekeepers." "I discovered DPC through these discussions!" "Most patients don't choose their health insurance. The moment you 'open the gift," there are usually only two emotional outcomes: you love it b/c the care you needed is covered like you expected, or you hate it b/c it's the wrong gift, and now you're stuck with it."
Ge Bai tweet media
Ge Bai@GeBaiDC

Can social media help physicians and patients take their power back? Thank you @DutchRojas!

English
0
2
12
780
Ge Bai
Ge Bai@GeBaiDC·
"Value to the system is very different from value to the patients. The reality is often the opposite. Unnecessary tests and procedures generate revenue even if net harmful. And surgical complications add more revenue than perfect surgical results." "The best doctor is reimbursed the same as the worst. Outcomes are ignored."
Ge Bai tweet media
Ge Bai@GeBaiDC

"Standardized reimbursement (one size fits all) flattens value, outcomes & innovation into one line item...In Canada, doctors are paid a salary, equal to all others in their field and have no incentive to better or faster."

English
5
4
15
1.2K
Ge Bai
Ge Bai@GeBaiDC·
Is cost of healthcare delivery static? From two accountants. Thank you, @DutchRojas!
English
2
2
9
516
Ge Bai retweetledi
Humane Healthcare for All
Humane Healthcare for All@LighthouseDPC·
In Employer and Government sponsored plans the patient both Pays AND Consumes. Employer Plans- patient directly pays half. Patient indirectly pays the 2nd lower salary, fewer raises, poorer working conditions and infrastructure. There are also fewer jobs. It’s a company’s 2nd biggest expense. Government plans- the government doesn’t own anything. Taxpayers do. Government doesn’t generate wealth. Taxpayers pay for everything. Higher taxes. Fewer jobs.
English
0
1
3
207
Ge Bai
Ge Bai@GeBaiDC·
@RealJoeGrogan They are also critical for girls to understand the reality 🙏 A few still remain in Catholic boys’ schools. Revolutionary time for alternative education channels. More Palmer Luckeys will emerge.
Jaynit@jaynitx

>be Palmer Luckey >born 1992, Long Beach, California >homeschooled by mom, dad's a car salesman >build railguns, Tesla coils, lasers in the garage as a teenager >electrocute yourself, burn a gray spot into your own vision cleaning a laser >no regrets >start college courses at 14 >build a six-monitor gaming rig worth tens of thousands of dollars >collect 43 VR headsets by the time you're 18 >largest private collection in the world 2009: >found ModRetro Forums at 17 >turn old game consoles into portable units for fun >work part-time at USC's Mixed Reality Lab designing VR for veterans with PTSD 2012: >build the Oculus Rift prototype in your parents' garage at 19 >drop out of college >John Carmack (Doom creator) demos your headset at E3 >Gabe Newell endorses it >launch Kickstarter asking for $250K >raise $2.4 million 2014: >Mark Zuckerberg shows up >Facebook acquires Oculus for $2 billion >you're 21 years old >Forbes estimates your net worth at $700 million >described as "the face of virtual reality" 2016: >donate $10K to a pro-Trump group >post anti-Hillary memes on Reddit under a pseudonym >get exposed >game developers boycott Oculus >Facebook pressures you to publicly endorse Gary Johnson instead >refuse 2017: >get fired from your own company >Zuckerberg won't say why >negotiate $100 million+ payout for wrongful termination >immediately found Anduril Industries >name it after Aragorn's sword from Lord of the Rings >partner with Peter Thiel >start building autonomous weapons and AI defense systems 2020-2024: >win $1 billion contract with U.S. Special Operations Command >drones deployed to Ukraine >revenue doubles to $1 billion >take over Microsoft's $22 billion military headset contract >Pentagon can't stop writing you checks 2022: >build a VR headset that literally kills you if you die in-game >inspired by Sword Art Online >three explosive charges aimed at your forehead >call it "office art" >"it won't be the last" 2025: >Anduril valued at $30.5 billion >announce plans to build Arsenal-1 >5 million square foot weapons factory in Ohio >autonomous fighter jets, missiles, torpedoes >China sanctions you personally >net worth hits $3.5 billion >pay yourself $100K salary >still wearing Hawaiian shirts and flip-flops to Pentagon meetings >own a submarine, helicopters, and a PT boat >keep one of the world's largest video game collections underground >married a woman who sews historically accurate Tudor costumes >won first place at Texas Renaissance Festival dressed as Henry VIII >Sword Art Online author drew your wedding gift from garage tinkerer to youngest self-made billionaire to America's most important defense contractor all while looking like he's headed to a beach party

English
0
0
3
250