Methods for Including Adverse Events in Economic Evaluations

That is the title of a great review paper by Salah Ghabri, Dalia Dawoud and Michael Drummond. They discuss that guidance on the incorporation of adverse events (AEs) into economic models has not been standardized. Nevertheless, this paper provides helpful guidance. Specifically, the paper explores: (1) the incorporation of AEs in economic decision models, (2)…

Has there been a decline in competition in the US?

This is a difficult question to answer. Consider the following world views: Decline-in-competition. Competition has declined because we observe increased market concentration, increased markets, decline in the labor share, and a lower rate of new-business formation at a macro level. Competition-in-action. If a few “superstar” firms in an industry grow by delivering greater value to…

Links

Fail fast in statistical computing. NBA’s $600m man. Medicaid coverage and abortion rates. On open AI (not written Open AI) Parallels:child care vs. health care in Canada.

What outcomes should we target to improve health outcomes and overall well-being?

The Rippel Foundation has an interesting framework to describe the dimensions for improving health and overall individual quality of life. This is part of their mission to guide “transformational change that supports better health and well-being for all—a future where everyone thrives, without exception.” The organization identified relevant desirable outcomes of health and wellness as…

Why doctors don’t like insurance

If you go to the doctor or dentist in the US, you often can get a discount if you pay out of pocket as compared to paying through insurance. Why is that the case? Wouldn’t the physician like to get a big insurance company to pay them as compared to potentially incurring credit card fees…

Requiem for odds ratios?

Health Services Research has decided that studies using logistic regressions should report marginal effects rather than odds ratios. Why did they make this decision? A paper by Norton et al. (2024) identifies 3 key factors. Intelligibility. Consider the case of examining the impact of whether a hospital is in a disadvantaged area on readmission rates.…