Friday Links

Health Insurance Exchanges in your state. Hospital Readmissions in your state. How much do doctors charge (by the question) Excess cost growth slowing? No old bird. Plus… Teen ‘Jeopardy!’ Contestant Leonard Cooper Answers Final Question Like A Boss

Is the Tragedy of the Commons of Myth?

There is a well known problem in economics known as the tragedy of the commons.  This problem occurs when a resource, often land, is shared among many people.  Without individual property rights, individuals have an incentive to over-consume and not maintain the resource.  For instance, Garrett Hardin gave an example of a case where herders, sharing a…

How to Survive a Plague

Last weekend, I watched the movie How to Survive a Plague.  The movie discusses the AIDS activist group ACT UP (AIDS Coalition to Unleash Power).  Although I am not a  movie critic (you can see reviews by professional critics here), I do want to discuss one key issue that the move discusses: should the FDA liberalize its…

Who has the highest malpractice premiums?

Which specialties face the highest malpractice premiums? Premiums are a function of the expected cost to insure a physician against potential malpractice suits. Thus, premiums are higher for specialties that have a higher risk of having a claim filed against them or specialties where the average payout conditional on having a claim is higher. A…

Effect of Nursing Home Ownership on Quality

Do non-profit nursing home provide better quality than for-profit nursing homes? Generally, for-profit nursing homes appear to have better quality measures, but this could be due to the fact that non-profit nursing homes act as a safety net, whereas non-profit nursing homes treat sicker patients. Today, I look at Grabowski et al. (2012)‘s attempt to…

Multiple Chronic Conditions

Patients with multiple chronic conditions are difficult to treat. As people continue to live longer, the number of chronic conditions they must cope with often increases. A Robert Wood Johnson report on chronic conditions reaches the following conclusions. The number of people with chronic conditions is rapidly rising. Between 2000 and 2030, the number of…