Category Archives: Economics of Health Care

My health care essay: condensed version

The Myths Surrounding Health Care Policy. A random excerpt: But in practice, it is not so easy for statisticians and economists to over-ride the judgment of doctors. As anyone who has ever tried to set up a bonus system for … Continue reading

Posted in Economics of Health Care, links to my essays | 9 Comments

Finished my assignment: a 20-page essay on health care

It’s actually more like 12 pages, single-spaced. About 6000 words. I am not sure what to do with it. Here is the conclusion: As individuals, we would like unlimited access to medical services without having to pay for them. Collectively, … Continue reading

Posted in Economics of Health Care | 10 Comments

So-called experts on U.S. vs. Europe in health care spending

The European IGM Experts Panel was polled on the following proposition: Higher quality-adjusted US healthcare prices contribute relatively more to the extra US spending than does the combination of higher quantity and quality of US care (interpreting quantity and quality … Continue reading

Posted in Economics of Health Care | Tagged , | 4 Comments

Bezos-care?

Ben Thompson writes, Amazon could not only open up its standard interface to other large employers, but small-and-medium sized businesses, and even individuals; in this way the Amazon Health Marketplace could aggregate by far the most demand for healthcare. To … Continue reading

Posted in business economics, Economics of Health Care | 13 Comments

Life expectancy slowdown

Tyler Cowen cites a study that says that the rate at which life expectancy at birth (LEB) is increasing has slowed down. This does not surprise me. Suppose that there are two outcomes. One outcome is that you live to … Continue reading

Posted in Economics of Health Care, Tyler Cowen is my Favorite Blogger | 9 Comments

The Tyranny of Metrics

The book by Jerry Muller will be out shortly. It makes a strong case against the over-use of quantitative measures to fix compensation. Education is one example. If you believe the null hypothesis, then compensating teachers based on outcomes only … Continue reading

Posted in business economics, Economics of Education, Economics of Health Care | 4 Comments

Centralized cost containment fails in health care

Joseph R. Antos and James C. Capretta write, Accountable Care Organizations were supposed to give hospitals and doctors incentives to become more efficient and cut Medicare costs, but they have yet to produce any overall savings. In 2016 only 56% … Continue reading

Posted in Economics of Health Care | 9 Comments

Health spending negatively correlated with health outcomes

Tomoaki Katera writes, life expectancy at age 40 for males in the 90th income percentile is 45.3 years whereas the corresponding indicator in the 10th income percentile is only 35.8. For comparison, according to the report from National Center for … Continue reading

Posted in Economic education and methods, Economics of Health Care | 8 Comments

Killer health care policy, thanks to David Cutler

Ankur Gupta and others write, These findings support the possibility that the Hospital Readmissions Reduction Program has had the unintended consequence of increased mortality in patients hospitalized with heart failure. I found the article after seeing a reference in a … Continue reading

Posted in Economics of Health Care | 5 Comments

Ray Dalio’s data points

The essay is on inequality, but there are interesting statistics scattered throughout. For example, While many of the major causes of death have been flat or falling over the last 15 years, deaths from drugs and alcohol more than offset … Continue reading

Posted in Economics of Health Care, Four Forces Watch, income distribution-wealth-poverty | 6 Comments