Links
Rare disease burden 10x standard disease. The value of empathy. ACA and political adverse selection Are HDHPs obsolete? Are too many antibiotics prescribed due to fear of malpractice?
Month: July 2022
Public Option would lead to increased physician shortages
That is the conclusion from a recent report from some of my colleagues at FTI Consulting’s Center for Healthcare Economics and Policy. In the report titled “Protecting the Pipeline: How a Public Option Could Impact Our Nation’s Health Care Workforce“. An excerpt and some empirical findings are below. …government rate setting under a public option…
Venture Capitalists’ Perspectives on Incentives for R&D
A paper by Gracia, David and Conti (2022) in Health Affairs Forefront poses the question ‘how do financial incentives impact venture capitalist’s (VC) investment decisions in early-stage biotech companies, and ultimately innovation?’ To get the answer, the authors interviewed 5 venture capitalists to get their thoughts. Based on these interviews, the authors had 7 key…
How accurate are provider directories?
The answer is, ‘not very’. That is according to a paper from Burman et al. (2022). Let’s say you want to schedule an appointment with a physician in your areas that is covered by your insurance. When you look up the physician, maybe you have found that the phone number no longer works, or that…
The origins of the Grossman ‘Demand for Health’ model
Michael Grossman’s “Demand for Health” model turns 50 this year. To celebrate, Dr. Grossman himself provided some reflections in an article in Health Economics this month. He notes that the ‘Grossman model’ relies on two fundamental concepts: (i) health–not health care–enters into the utility function; health care services are chosen by individuals but these are…
AMA recommends that physicians should learn about health economics
Should physicians learn about health economics? The American Medical Association (AMA) thinks so. In a statement from 2019, the organization stated The American Medical Association (AMA) today adopted new policy expanding its efforts aimed at ensuring all medical students and residents receive training in health care economics. Building on the AMA’s ongoing work to transform…
More spending has lead to better health outcomes
That is according to a paper by Weaver et al. (2022). The authors use expenditure data from the Disease Expenditure Project and DALYs from the Global Burden of Disease Study 2017. Evaluating the data from 1996-2016, the authors find that: Across all causes of health care spending and disease burden, median spending was US$114,339 per…
What is the Enhancing Oncology Model (EOM)?
The Oncology Care Model (OCM) is dead. The Oncology Care Model was a voluntary, alternative payment model (APM), that “included financial and performance accountability for episodes of care surrounding chemotherapy administration to cancer patients.” OCM expired at the end of June 2022, and will be replaced by the Enhancing Oncology Model. EOM is a also…
Links
Canada’s collapsing health system? Outsourcing and mortality in NHS. 2021 IVI Annual Report. Improving EHR. US excess deaths: 1933-2021.
AMA Survey on Telehealth
The American Medical Association surveyed its members between November and December of 2021 to examine their current use of telehealth. As outliend in the “2021 Telehealth Survey Report“, the key findings of the survey were: Uptake. 85% of physician use telehealth. 56% of respondents said they believe they will increase telehealth use in their practices.…