Should police departments be privatized?

With state budgets running low, funding for police has fallen.  Can private security forces step in to fill the gap?  Temple Professor Simon Hakim believes so. “The police is a monopoly. It’s less innovative than the private sector that is under the gun of competition. A police department will never go bankrupt; private company could…

The Favre Double Standard

I am sick of Brett Favre.  As a former Packers fan, he used to be one of my favorite football players.  Now I can’t stand the guy.  I will play; I won’t play; I will play.  Urrgh. Today I want to talk about Favre’s “love of the game.”  To entice Favre to return to football,…

Medication Therapy Management

Recently, the N.Y. Times, ran a story on medication therapy management programs (MTMPs).  These programs typically involve either face-to-face or over-the-phone sessions between pharmacists and patients in retail stores or clinics.  For example, insurance plans pay pharmacists to track patients, monitor cholesterol or blood glucose levels, and prod customers to change their diets or exercise. …

Malpractice in China

In the U.S., physicians often fear that if a patient experiences a bad health outcome, the physician will be liable for millions of dollars as part of a malpractice suit.  Although the malpractice system in the U.S. may be far from perfect, most physicians would certainly prefer it over the more informal forms of “malpractice”…

Moral Hazard in Action

About two weeks ago, I was driving to work and a rock from below a car in front of me flew of the ground and made a quarter-sized spiderweb on my windshield.  ₣@¢כ!!! Fortunately, my insurance company fixes a windshield for free if the damage is smaller than the size of a dollar bill.  I…