Unbiased Analysis of Today's Healthcare Issues

Forecasting the Cost of U.S. Healthcare

Robert Fogel has a very well-written, well thought-out piece in The American on the topic of Forecasting the Cost of U.S. Healthcare. The article breaks down the forces affecting the future cost of medicine into five categories. The section below list each category which Dr. Fogel’s arguments and my comments mixed in. A likely continued […]

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How does changing medical prices affect patient demand?

Price elasticity estimates how consumer demand changes as prices change.  For instance, the price elasticity of medical service is defined as the percentage change in quantity of medical care demanded divided by the percentage change in price of the same commodity.  Most academics believe that the price elasticity for medical services is between 0 and […]

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