Legislating Medical Care

A press release from Senator Ron Wyden sent to me at 7am this morning states the following: Working to enhance screening and prevention of childhood type 2 diabetes, U.S Senator Ron Wyden (D-OR) today announced that an amendment giving states $15 million to combat the disease has been included in the final conference version of…

A Random Walk

I just finished reading Burton Malkiel’s influential book A Random Walk Down Wall Street. Originally published in 1973, the book was one of the first to advocate for the creation of a “no-load, minimum-management-fee mutual fund that simply buys the hundreds of stocks making up the broad stock-market averages and does no trading from security…

Public Health vs. Medicine

What are the major differences between medicine and public health? What challenges do public health officials frequently ignore? On Tuesday, I attended a seminar by Dr. Richard Schieber. Dr. Schieber was a practicing pediatrician, however for the last fifteen years he has worked as a medical epidemiologist for the CDC. One of the major challenges…

Breast Cancer information

For information on breast cancer symptoms, diagnoses, treatments, and recovery options, BreastCancer.org is a great resource.  BreastCancer.org is “…a nonprofit organization dedicated to providing the most reliable, complete, and up-to-date information about breast cancer.” The American Cancer Society also has reliable information on breast cancer. More resources are also available at Breast Cancer Hope forum. …

Neo-Laffer Curve

The Laffer curve is a compelling economic concept.  It claims that government revenue as a function of tax rates is shaped as an inverted-U.  This means that, at first, raising the tax rate from zero will increase tax rates.  However, there is some tax rate which maximizes government revenue (but not necessarily social welfare).  When…

Banzhof power index

Why do the Orthodox Jews have so much political power in Israel? Why are third parties in the U.S. so weak? These phenomenon can be explained by the Banzhof power index. The index is calculated as follows. Let us look at the Israeli election in 2003 for the Knesset. Here are the voting results of…

Time Allocation in Primary Care Visits

A new study by Tai-Seale, McGuire, and Zhang (HSR 2007) analyzes how primary care physicians allocate their time in a typical office visit. The authors use data from 392 videotaped office visits conducted in three settings: 1) a salaried group practice in an academic medical center (AMC), 2) a managed care group (MCG), and a…

More on convenience clinics

Much has been written on this site about the growth of convenience clinics (see posts on July 25, April 26, and April 17).  The Economist’s Free exchange blog adds to the discussion (“A spoonful of monopoly…“).  It warns how the AMAs monopoly powers may be a threat to convenience clinics such as Medical Marts. “The…