Economics Behaving Badly
George Loewenstein and I have an Op-Ed in the New York Times today. Check it out, and feel free to add your comments.
George Loewenstein and I have an Op-Ed in the New York Times today. Check it out, and feel free to add your comments.
If you thought donuts were bad for your health, consider donut holes. Specifically, the donut hole sitting smack in the middle of Medicare Part D, the program helping senior citizens pay for their medications. The donut hole is a gap in coverage causing people, once they’ve received a certain level of financial support for their prescriptions, to have to go it alone for a while, bea
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A new report out of Massachusetts concludes that people there are paying more for their health insurance, at the same time that the services covered by their insurance are declining. Here’s a picture from a Kaiser summary of the report: The Kaiser story also points out that a big problem in Massachusetts is that people…
Here is the start of a great essay exploring the promise of using behavioral economics in India to promote social goals. Thought you might want to see it. In his book ‘The Theory of Moral Sentiments’, Adam Smith wrote: “How selfish soever man may be supposed, there are evidently some principles in his nature, which…
I joined two other, much smarter, colleagues in calling for the use of behavioral economics and decision psychology to improve the design of the websites people use to purchase health insurance in the U.S. That article came out today in the New England Journal of Medicine. Here is a taste: In October 2013, the Affordable…
Parole boards are supposed to objectively assess whether inmates eligible for parole deserve to be released from prison before the end of their sentence. They need to determine whether people are reformed, whether they have been behaving themselves in prison, and whether they pose unacceptable risks to society. But it turns out their decisions may…
Catholic Charities describes itself as a “social justice movement,” one that sees its mission as providing “service to people in need” and giving aid to local agencies “in their efforts to reduce poverty.” Given the role of healthcare expenses in pushing people into poverty, then, you would think Roman Catholic leaders would be big fans…