Is Health Insurance Too Cheap?
Researchers at USC recently published a study designed to find out how much people are willing to pay for better drug coverage from their health insurance plan…(Read the rest and view comments at Scientocracy)
Researchers at USC recently published a study designed to find out how much people are willing to pay for better drug coverage from their health insurance plan…(Read the rest and view comments at Scientocracy)
Here is a nice article by Dennis Thompson at HealthDay about the challenges people are going to face paying for medical care, especially if they’ve lost or been laid off from their jobs. I chime in at the end URGING people not to worry about money right now if they are sick. Get the care…
American presidents have been trying to reform our health care system since at least the Nixon era, but with only limited success. Past reform efforts have failed for many reasons. For starters, the U.S. health care system is complex, with the medical industry making up almost 1/6 of our economy. But perhaps the biggest obstacle…
Ten years ago, my tennis partner suffered a stroke. He was a sixty-year-old at the time, working to move up into the top ten players in his age group. In the country! You could not have found a healthier sixty-year-old. He played tennis three-plus hours a day, scampering across the court like a hyperactive adolescent. …
Studying economics in college at the dawn of the Reagan presidency, I learned about the wonders of free-markets. The invisible hand of the market, I read, guarantees that thousands upon thousands of people–each with unique desires, abilities and values–mesh together, thereby able to achieve the balance of work and leisure, and of material and spiritual…
I’ve done a fair amount of research on how people emotionally adapt to life circumstances. My research is mainly in the context of illness and disability, where people bounce back from adversity more than expected. But people can also emotionally adapt to good things, a very important phenomenon for consumer behavior. We are ecstatic when…
In Singapore, rush hour at the Mass Rapid Transit trains can involve more body contact than a full on TSA pat down, the train so packed you will know whether the guy next to you had garlic toast for breakfast. Because of this crowding, someone in the Transit office decided to give people a 10%…