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When It Comes to Controlling Healthcare Costs, the Government Outperforms Private Industry
ByadminWhen I think of the federal government, “efficiency” is rarely the first thing on my mind. But when it comes to controlling healthcare costs, we need to consider the possibility that the federal government is better at this job than anyone else. Consider the fact that the United States dwarfs other countries in healthcare spending,…
Rational Thinking in Wartime
ByadminDuring a particularly miserable World War II battle, a military analyst estimated that it cost $25,000 in artillery shells for each enemy soldier killed. That caused one soldier to ask: “Why wouldn’t it be better to just offer the Germans $25,000 to surrender?” If only the world were so rational! (Click here to view comments)
Why Poor People Like Hospitals
ByadminHealthcare markets are complex and confusing places. But one fact is simple and straightforward: all else equal, hospitals and emergency departments are a lot more expensive than outpatient clinics. Which makes it all the more bewildering that so many low income patients prefer hospitals over primary care clinics. Bewildering until now. Shreya Kangovi and colleagues…
Why Are Investors Running Away from Medical Devices?
ByadminSabin Russell wrote a great piece in Health Affairs recently, on the drought in investment to develop new medical devices. Read it if you have access. If you don’t, here are some of her main points. 1. Venture capital for device manufacturers has been drying up for a while: “‘For five years, this industry has…
Graphic Cigarette Labels Work!
ByadminWarning – the warning labels pictured below are graphic but, according to a recent study, they increase the chances that people will quit smoking. Now we need to find a way to get legal permission to use such pictures, so we can shock people out of their habits.
Provocative Piece On Behavioral Economics And Public Policy
ByadminThe Financial Times, one of the great newspapers of the world, recently published a really nice essay exploring some of the controversies about what role, if any, behavioral economics should play in public policy. I’m going to give you a “teaser” of the article here, and you can always click on the link to read…

