Unbiased Analysis of Today's Healthcare Issues

Health Care Quotations of the Day

“If people let the government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as the souls who live under tyranny.” ― Thomas Jefferson “America’s health care system is neither healthy, caring, nor a system.” ― Walter Cronkite  

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Statisitics and the Sports Illustrated Jinx

Daniel Kahneman explains the false inference many people make between causation and regression to the mean. A well-known example is the “Sports Illustrated jinx,” the claim that an athlete whose picture appears on the cover of the magazine is doomed to perform poorly the following season.  Overconfidence and the pressure of meeting high expectations are […]

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Prison

Below are two excerpts from a series of articles in Wilson Quarterly on Prison reform: “With effective programs, we could reduce the number of repeat offenders by nearly 100,000.  We could do even better if these efforts were linked to improved services in teh community upon release.  Such efforts would pay for themselves by reducing […]

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Failure and the Problem with Science

“The fact is, we carefully edit our reality, searching for evidence that confirms what we already believe. Although we pretend we’re empiricists — our views dictated by nothing but the facts — we’re actually blinkered, especially when it comes to information that contradicts our theories. The problem with science, then, isn’t that most experiments fail […]

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Healthcare Summit Quotations

“We are not cutting Medicare benefits. We are trying to eliminate waste.” Vice President Joe Biden, 25 February 2010. “Our country’s too big, too complicated, too decentralized for Washington, a few of us here, just to write a few rules about remaking seventeen percent of the economy all at once.” Senator Lamar Alexander, 25 February 2010. […]

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Quotation of the Day

“It is a sin to judge any man by his post.” St. Augustine

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Macroeconomics=Useless?

The Economist paraphrasing Nobel laureate Paul Krugman: Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst, said Mr Krugman.

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How important is credit?

“Adequate credit is to trade what altitude is to aircraft; without it, the odds of coming to grief over preilous commercial terrain are great.  All merchant enterprises sooner or later lose cargoes or encounter soft markets.  Without ample capital reserves and the ability to borrow at low rates of interest, bankruptcy is inevitable.” ~ William […]

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Happy Thanksgiving

I will be on vacation for a few days for the Thanksgiving holiday.  Blogging will resume on Monday.   For each new morning with its light, For rest and shelter of the night, For health and food, for love and friends, For everything Thy goodness sends. ~Ralph Waldo Emerson

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Friday Quotations

“Perfect order is the forerunner of perfect horror.” Carlos Fuentes “Trade is a social act” John Stuart Mill

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