Some good news on cancer

In the long-run, death rates from cancer are falling.  The L.A. Times reports: In the year to come, an estimated 1,688,780 people in the United States are expected to get a cancer diagnosis, and cancer will claim the lives of a projected 600,920. That death toll, however grim, represents a death rate from cancer that…

Stratified Covariate Balancing

When selection bias is an issue, many researchers use propensity score matching to insure that observable differences in patient characteristics are balanced between individuals who receive a given treatment and those who do not.  If unobservable characteristics are correlated with observable characteristics, propensity score matching generally works well. Cases where propensity score matching does not work well include…

Figuring out how to measure value

Unlike some other organizations, [the Innovation and Value Initiative (IVI)] is not interested in a top-down, bureaucratic process for setting prices or measuring value, says Shafrin. Rather, IVI aims to disseminate best practices for measuring value and reimbursing treatments based on this value. “We are looking at balancing innovation and value,” he says. “Some people are…