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Hospital Pricing and Irrational Thinking
ByadminThe gynecologist made several incisions and inserted the laparoscope. With the help of her surgical team of nurses, students and anesthesiologists, she removed the patient’s uterus, which had been bleeding uncontrollably for the past six months despite aggressive medical therapy. The price tag of the procedure? Around $6,000. Meanwhile in a nearby hospital, another gynecologist…
Have I Officially Become an Economist Now?
ByadminIn a recent Huffington Post article, I was described as a Duke University economist. I’m sure the economic community would like to make very clear that I am not one of its members. The same goes for most communities, as far as I can tell. Nevertheless, despite that glaring error, much of the content of…
Obamacare Hasn't Scared Away Insurers
ByadminInteresting picture on the Vox website from Sarah Kliff, showing an increase in the number of health insurance companies planning to compete on the exchanges next year: So much for the rumors that Obamacare will quickly kill the health insurance industry. (Click here to view comments)
Behavioral Economics in the Bathroom?
ByadminOne of the dangers of studying behavioral economics and psychology is that the ideas follow you around pretty much everywhere you go. I was reminded of that when some of my students came back from a mid-class bathroom break to tell me they thought the toilet levers were not well designed, environmentally speaking. At Duke,…
Bait and Switch: The Sneaky Way Your Employer Just Passed Healthcare Costs onto You
ByadminShutterstock If you get health insurance through your job, beware: you might be picking up more of the cost of your medical care than you realize. With increasing frequency, employers are directing their workers to the kind of high deductible, high out-of-pocket insurance plans that leave workers financially responsible for a surprising portion of their…
Figuring Out How Many Calories Are in Your Burrito
ByadminAs if the Affordable Care Act wasn’t controversial enough, a lesser-known provision of the law has critics warning of regulatory zeal. Section 4205 of the ACA (in case you haven’t read that far) requires restaurants to post calorie counts for the meals they sell, a requirement critics claim will be costly to comply with, while being…