“Is Information Always A Good Thing?” – Medical Care
Doctors who join up with hospitals or large healthcare organizations in anticipation that this will increase their incomes are misguided or ill informed.
Lena Wright’s best friend was hunched over like a character from a French novel, with spinal bones so thin they would fracture with a fit of sneezing. Determined to avoid that fate, Wright (a pseudonym) asked her primary care doctor to test her for osteoporosis with a DEXA scan, also known as Dual Energy X-ray…
I had the great pleasure of talking about out-of-pocket healthcare costs at Periodic Tables: Durham’s Science Café, a speaker series run by The Program for Science and Society at Duke University. The crowd was absolutely awesome, and much larger than I expected, given that I was speaking at the same time that Duke’s number one…
Many people consider the randomized control trial the gold standard for assessing medical interventions. The US government has been a major funder of such trials, as illustrated in this picture which shows that the government funds just about as many RCTs as private industry: Despite so much US funding for RCTs, the location of such…
President Ronald Reagan was famous for espousing anti-government views. To this day, he is lionized by Republicans, who frequently quote his “less is more” attitudes towards government. Which makes it kind of ironic that when he was in office, Republican faith in government rose significantly. In fact, when you ask people whether they trust the…
Recently, I got an incredibly nice email from a complete stranger. It began like this: “I am an Economics teacher in England and have just finished reading your wonderful book ‘Free Market Madness’. When you write a book that only 5 people read, it is nice that at least one person thinks it is wonderful….