How to construct a Price Index

Price indices are useful for calculating inflation over time.  The consumer price index (CPI) measures changes in prices for the overall economy.  Researchers can also use price indices to understand the evolution of the price of health care over time.  For instance, the Bureau of Labor Statistics also calculates a CPI for Medical Care and…

Weekend Links

Antidepressants no more effective than placebos. If you are readying this, you may be depressed. Health expenditures in 2018: 20.3% of GDP. Worker’s Comp and Medicare. Understanding the employer-based health insurance tax subsidy. Vaccines don’t cause autism.

Money Driven Medicine: A Review

I recently watched the movie Money Driven Medicine.  The movie documents many of the current ills of the American healthcare system.  The movie’s focus details how financial incentives drive both the quantity and quality of care.  Any health economist will of course say ‘duh’, but for those who believe that medicine is purely an altruistic…