Are Rich people Happier?

Economists have generally found that rich people are happier.  People who are wealthy are likely to be happier than those who have trouble affording food, clothes, or shelter.  What is driving this happiness differential?  Is the additional happiness from additional wealth due to the fact that you can more easily fulfill basic needs, or is…

CBO Papers

In the Health Care Blog, Robert Laszewski suberbly analyzes Congressional Budget Office (CBO)’s two papers.  His key points are that 1) there is no silver bullet and 2) “really controlling costs will be very hard and will require some courageous and politically problematic actions.” I would point out other highlights, but the post is so…

ANOVA

Let us say that you are a hospital administrator.  You are very clever and have come up with a system to score the quality of the work done by the physicians at your hospital.  To simplify things, lets assume that you only have 3 physicians who work at your hospital.  The physician’s scores are as…

Eliminating Preventable Harm

In the U.S., 2.9% of individuals who enter a hospital are actually harmed by the medical care they receive.  Reducing these preventable iatrogenic injuries is one of the goals of any hospital administrator.  Paul Levy of Running a Hospital lists 3 goals to achieve in the new year which will help reduce these adverse events.…

Ways to Work

This blog has repeated reported on microfinance programs in the developing world which give loans to poor individuals.  This model has been extended to work even in the U.S.  Ways to Work provides loans to poor Americans, often to purchase or repair an automobile.  After welfare reform acts in the 1990s, many states required individuals to…