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How Companies Can Save Millions on Healthcare Benefits (without Harming Employees)
The free market is supposed to be efficient. Yet employers are throwing away hundreds of millions of dollars, by not giving their employees intelligently designed healthcare benefits that encourage them to shop for affordable lab tests. Right now, when your doctor orders a CBC (complete blood count) and a basic chemistry panel (checking your sodium,…
Does the Thought of Money Make Us Dishonest?
Here is a game you can’t lose. You flip a fair coin ten times and every time it comes up heads, you get $20. Better yet, I won’t even watch you flip the coin, but instead will trust whatever you tell me about the number of times the coin comes up heads versus tails. Would…
Influencing Young Minds
I really like teaching Duke undergraduates. They are an ambitious and intelligent group. But sometimes their ambition and intelligence get in the way of creative thinking, especially in regards to careers. They all want to remain high achievers, so they know they must either become doctors, lawyers, investment bankers or business consultants. Not infrequently I…
HIV – The Epidemic Isn’t Over
We have great medications to treat HIV infections today, but the best medicine is to not need medicine – to not get infected in the first place. But according to an article in JAMA, HIV transmission is rising among gay and bisexual men, compared to the rest of the population: …
Obamacare Isn’t Helping the “Tweeners” Much Yet
The Affordable Care Act has done a lot to increase the proportion of Americans with health insurance. I’ve posted a lot of those figures in the past. But here is some data, published by a former student of mine, showing that the law doesn’t seem to be having a huge impact yet on people ages…
The Greediest Companies In American Healthcare Are Not Who You Think
There’s plenty of price gouging in American healthcare. The pharmaceutical industry has gotten plenty of (well deserved) bad press for its pricing practices. At the extreme are people like “Pharma Bro” (and convicted felon) Martin Shkreli, who hiked the price of an important medication to treat infections in AIDS patients by over 5000%. But high and…