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Here are a few things we know to be true. ● Healthcare spending in the U.S. is too high ● Drug prices in the U.S. are growing rapidly ● Drug prices in the U.S. are higher than they are in other parts of the world Based on these facts, you’d think high drug prices are causing healthcare spending…
Do Cognitive Biases Improve Our Perceptions?
Those of us who work in behavioral economics love discovering brain farts—cognitive biases and unconscious illusions that highlight the limitations of human nature. We enjoy uncovering hidden sources of irrationality — mental shortcuts that send people down the wrong paths.
read moreSounding off on Sound Medicine
I had a chance to talk to the host of the public radio show, Sound Medicine. You might want to listen to the broadcast. Then again, you might want to enjoy the spring weather (if you are in the Northern Hemisphere). Your choice!Impending Spending Disaster – A Warning From Japanese Nursing Homes
Populations across many wealthy countries are aging. That means a huge swath of people will soon find themselves needing some kind of long-term care. Here is a quick look at what the aging of a population means for how much a country spends on long-term care. The data, published in the journal Health Affairs, come…
