The Value of End-of-Life Medical Care

Some estimates claim that one-quarter of life-time spending on medical care occurs in the last year of an individual’s life.  Conventional wisdom says this is inefficient, but a paper by Philipson, Becker, Goldman and Murphy (2010) disagrees.  Individuals at the end of their life place very high value on terminal medical care for the following…

The Problem with Rent Control

Most economists rail against rent control.  Rent control distorts the real estate markets.  Individuals in rent controlled apartments are receiving ‘rents’ (in the economic sense) because they live in higher quality apartments than they are paying for.  In addition, it provides them a strong incentive to stay in their apartment even if they would prefer…

Thursday Links

Today, we’ll start today off with some humor: Graphic on drug commercials. And then move on to more serious issues: How healthy is your county? Health reform in Bulgaria. 2009 Medical Weblog Awards. The conventional wisdom that Africa is not reducing poverty is wrong. The chicken and the egg: cost control or coverage? Nicole Kidman‘s pre-existing conditions.

President Obama’s Health Care Plan

Here’s my take on President Obama’s health care plan. Tax credits for Health Insurance Premiums.  This will do nothing to change how much health care costs, it will just change who pays the premiums.  For middle class individuals, these subsidies will help make health insurance more affordable.  Because the wealthy won’t receive any subsidy (the…