“Contracts With Patients in Clinical Practice” – The Lancet
Often great science depends on keen observation. Darwin built his theory of evolution on detailed observations of everything from birds to beetles. Jane Goodall revolutionized our understanding of primate behavior by staring at chimpanzees for hours and days. But not just staring at them, noticing them. She saw things most observers would not have picked…
Knee replacements are booming. Between 2005 and 2015, the number of knee replacement procedures in the United States doubled, to more than one million. Experts think the figure might rise sixfold more in the next couple decades, because of our aging population. Since many people receiving knee replacements are elderly, Medicare picks up most of…
Here is a fascinating picture from the Wall Street Journal, showing how much Medicare has been spending on hepatitis C treatments lately. You can see that the cost is rising dramatically: Keep in mind, however, that the new and expensive hepatitis C treatments currently on the market will dramatically reduce costs in the future, because…
In the US, Black patients often receive significantly less medical care than similarly sick white patients.
Attention all you design and #nudge fans. Here is a graphic from ProPublica that attempts to help people choose a physician. Do you think it works? What would you do to improve it?
As a science, economics does not always succeed at predicting how humans behave. The discipline assumes a level of rationality, and an ability to process complex information, that far exceeds human capacity. But as a standard for how people ought to behave, economics provides an excellent set of lessons. Consider the economic principle of consistency in financial…