Unbiased Analysis of Today's Healthcare Issues
In the United Kingdom, the National Institute for Health and Care Excellence (NICE) made an update to their health technology evaluations manual in January 2022. Of particular interest, section 6.2 of the manual states that the review committee “will consider the associated absolute and proportional QALY shortfall.” The committee defined QALY shortfall two ways: Absolute…
AHIP: Hospital price hikes. PBM prices for brand vs. generics. Accuracy of Medicare vs. Medicaid claims data. Progress on hospital interoperable data sharing. HDHP and delays in hernia surgery. HPV vaccination rates fall during pandemic. footBayes R package. Selection bias from delayed study entry in clinical genomic studies.
FTI Consulting’s Center for Healthcare Economics and Policy has a new website: FTIchep.com. The website highlights our key staff, services and recent publications. Check it out!
Interest rates in the U.S.–as measured using the Fed Funds Rate–have been effectively 0% since the start of the pandemic. In fact, the last time the Fed Funds Rate was over 3% was way back in 2008. With year-over-year inflation in January 2022 hitting 7.5%, it is likely that interest rates will rise. Anyone cal…
I previously covered research from Dickson and Kent (2021) that examined how the entry of generic drugs impacts the price Medicare pays. In that study, the authors found that “the presence of 1 generic competitor was associated with a 14.9% mean price reduction in the bundled ASP, 2 generic competitors were associated with a 32.7%…
Most health technology assessment (HTA) bodies measure treatment value as benefits from reduced patient morbidity and mortality and weigh these health gains against incremental changes in treatment cost. The limitation of this approach, however, is that it may ignore broader societal value. For instance, if patients have improved functional status, caregiver time and cost burden…
What would you prefer: Option A: Flip a coin with where if it lands heads you win $20 but if it lands on tails you get $0 Option B: Win $10 for certain If you prefer option A, you are risk loving; if you prefer option B you are risk averse. If you are indifferent…
Mark Cuban: “I’d rather f— up the drug industry in every way possible.” Türkiye. The case for doctor abundance. UoPeople. AI/ML vs. traditional econometric approaches: substitutes of compliments? FTI: Top mid-sized employer.
Today, the Office of Generic Drugs (OGD) at the Food and Drug Administration (FDA) released its 2021 Annual Report. As noted in the report, 90% of all drugs dispensed in the US are generic. In 2021, there were 776 approved generic drugs through the Abbreviated New Drug Applications (ANDA) process. Approvals by month are below.…
According to a recent paper by Kim and Koh (2022), the answer is ‘yes’. Using data from BRFSS and PSID, the authors use a difference-in-difference strategy which identifies the impact of health insurance on subjective well being using two policy changes: (i) the Massachusetts health insurance mandate implemented in July 2007 and (ii) the Affordable…