Unbiased Analysis of Today's Healthcare Issues
Our data, for example, show that a third of Medicare’s spending in physician or outpatient settings in 2012 reflects technology that did not exist a decade earlier…When it comes to technology development, the central challenge is to encourage high-value innovation while discouraging innovation that drives up costs without much improving health. Bagley, Chandra and Frakt. Correcting Signals for…
There are two ways to get richer: one is to make more money; and the second is to discover that more of the things we could love are already to hand (thanks to the miracles of the Industrial Revolution). We are, astonishingly, already a good deal richer than we are encouraged to think we are.…
The human mind is generally far more eater to praise and dispraise than to describe and define. It wants to make every distinction of value; hence those fatal critics who can never point out the differing quality of two poets without putting them in an order of preference as if they were candidates for a…
HT: Justin Wolfers via The Incidental Economist.
Logic will get you from A to B. Imagination will take you everywhere. – Albert Einstein
…in the next 10 years, data science and software will do more for medicine than all of the biological sciences together. Vinod Khosla
He disdained anyone who dismissed an issue as trivial. “Life is made up of a whole concentration of trivial matters,” he once said. “Certainly a computer is nothing but a huge concentration of trivial matters.” J. Presper Eckhert regarding his thoughts on building Electronic Numerical Integrator and Computer (ENIAC), widely considered to be the first computer.…
We adore chaos because we love to produce order. — M.C. Escher.
From a book on economics, complexity theory and economics, below are some good guidelines for managers and leaders developed by the Prussian army: A commanding officer should always give an order for an outcome, never for an action. This leads the person receiving the order to reflect on and interpret it with all his prior knowledge and in its…
Nevertheless, devaluing competition is a central theme of Thiel’s new book. He asserts that “capitalism and competition are opposites,” because “under perfect competition, all profits get competed away.” He exhorts entrepreneurs to seek out monopolies, concluding, “All happy companies are different: Each one earns a monopoly by solving a unique problem. All failed companies are…