Unbiased Analysis of Today's Healthcare Issues

Archive for the 'Economics – General' Category

Why research in health economics is particularly interesting

The Federal Reserve Bank of Minneapolis has a long but very interesting interview with Amy Finkelstein, one of the preeminent health economist of our time.    The interview covers a number of topics including the correlation between adverse selection and risk aversion, annuity markets, geographic variation in health care spending, the Oregon Health Insurance Experiment, and […]

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Vertical Integration

30 Rock has a clever explanation for the benefits and perils of vertical integration.  Enjoy.   HT: Leemore Dafny during her presentation at USC Schaeffer School.  

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Insider vs. Outsider

A post from Ben Casnocha has some really good insights about the pros and cons of being an insider vs. an outsider. I excerpt a parts of the post below: A striking section of Elizabeth Warren’s memoir is about advice she says Larry Summers once offered her: After dinner, “Larry leaned back in his chair and offered […]

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Becoming a health economist

A 2010 American Society of Health Economists (ASHE) newsletter provides some interesting perspectives on becoming a health economist.  There are a number of interesting perspectives on non-academic careers for health economists.  Some excerpts are below: On working for the American Medical Association: “…if freedom is desired to choose one’s research independently,then this would not be a good match…[however] there is […]

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Is 2% US GDP the new normal?

In the past, many economists targeted 4% GDP growth as the long-run average.  However, in recent years long-run GDP growth has fallen to about 2% per year.  Is the US economic engine slowing down?  Maybe, not. Growth in a country’s GDP comes from 2 components: growth in GDP per work and growth in the number of […]

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In Memoriam: Willard G. Manning, 1946-2014

In November, Willard Manning passed away.  I met Dr. Manning as he was a lecturer at the European Science Days summer school in Steyr, Austria.  iHEA has put together a nice in memoriam article and I have an sample of that below.  I will echo that although Dr. Manning was best know for his work on the RAND […]

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WTP to reduce mortality risk

How much would you pay to live longer?  Most people would say an infinite amount.  In practice, however, this is not the case.  For instance, you can drive slower to reduce your risk of a car crash.  In this case, you trade off your time with your probability of death.  Or, to continue the care […]

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The Standard Gamble

One concept often used in healthcare is the quality-adjusted life years (QALY).  The concept is fairly simple.  It assumes that people value one year of life in perfect health at 1; people who die have a value of a life year of 0.  One year of life where you have 50% health is then valued […]

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Does International Development Work?

In a well thought out piece in the New Republic, Michael Hobbes argues the answer isn’t ‘yes’ or ‘no’, but the expectations for aid programs to completely reinvigorate an economy or improve health care dramatically are often overestimated.  Consider the case of a program that distributes food to individuals who are malnurished. In Udaipur, India, a […]

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The 2014 Nobel Prize in Economics goes to…

Jean Tirole. The full scientific background is here.  Marginal Revolution has a number of posts or you can check out Wonk Blog.  Digitopoly discusses how Tirole is like Louis Pasteur.  Vox has a nice overview of Tirole’s work as well and an example from newspapers… Newspapers, for example, are one area the Nobel Committee points to […]

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