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Why Are Investors Running Away from Medical Devices?
ByadminSabin Russell wrote a great piece in Health Affairs recently, on the drought in investment to develop new medical devices. Read it if you have access. If you don’t, here are some of her main points. 1. Venture capital for device manufacturers has been drying up for a while: “‘For five years, this industry has…
Half of Healthcare Spending: For 1/20th of the People
ByadminIt is not unfair that we spend more on medical care for some people than others. After all, some people are sicker than others. If there’s anything unfair, it’s probably the uneven distribution of illness and disability. That said, the disparity in healthcare spending across people is pretty staggering. As this picture shows, courtesy of…
How Hospitals Turn Charity Care Into Profits — At Taxpayers' Expense
ByadminSometimes it is hard for hospitals to provide expensive care to poor patients. When a low-income patient needs $20,000 of chemotherapy, a hospital loses money if that patient cannot pay for the medicine, or pays through Medicaid, with its relatively stingy reimbursement. Fortunately, the federal government created a program for hospitals that care for a…
How Philosophy Training Helps Me Overcome the Persuasive Power of Advertising
ByadminAdvertising is about persuasion. Companies spend billions of dollars per year trying to convince us to buy their products. But sometimes, rigorous philosophical training can help us avoid that influence. Consider the following ad: Only deep immersion in Immanuel Kant helped me recognize the flaws in this reasoning!
Who Hated Domestic Policy More: John Kennedy or Richard Nixon?
ByadminIn an earlier post, I wrote about JFK’s disdain for domestic politics, and how such disdain doomed his lackluster efforts to pass Medicare legislation. As it turns out, Richard Nixon, the man he defeated in the 1962 Presidential Election, held similar disdain for domestic affairs when he was President of the United States, and not…
Why Living in a Rich Country Can Give You Cancer
ByadminShutterstock As a primary care physician, I have counseled thousands of patients to get cancer screening—blood tests to look for prostate cancer, mammograms to detect impalpable breast cancers, and colonoscopies to find precancerous colon lesions. I’ve even tried to find cancers on physical exam, palpating people’s necks for thyroid growths, for example. The goal of…
