Unbiased Analysis of Today's Healthcare Issues
Let us say that you are a hospital administrator. You are very clever and have come up with a system to score the quality of the work done by the physicians at your hospital. To simplify things, lets assume that you only have 3 physicians who work at your hospital. The physician’s scores are as…
To stimulate the economy, expand government health insurance. To stimulate the economy, defeat government health insurance expansions.
In the U.S., 2.9% of individuals who enter a hospital are actually harmed by the medical care they receive. Reducing these preventable iatrogenic injuries is one of the goals of any hospital administrator. Paul Levy of Running a Hospital lists 3 goals to achieve in the new year which will help reduce these adverse events.…
“When goods do not cross borders, soldiers will.” Frédéric Bastiat
This blog has repeated reported on microfinance programs in the developing world which give loans to poor individuals. This model has been extended to work even in the U.S. Ways to Work provides loans to poor Americans, often to purchase or repair an automobile. After welfare reform acts in the 1990s, many states required individuals to…
Bernard Madoff operated one of the biggest Ponzi schemes in history. He has not only defrauded rich investors, but charities and university endowments as well. If smart, Wall-street types were fooled by Madoff, can you realistic expect to avoid these Ponzi schemes? It may surprise you but the answer is YES. If you are a…
“Adequate credit is to trade what altitude is to aircraft; without it, the odds of coming to grief over preilous commercial terrain are great. All merchant enterprises sooner or later lose cargoes or encounter soft markets. Without ample capital reserves and the ability to borrow at low rates of interest, bankruptcy is inevitable.” ~ William…
This American Life has a very interesting show about the San Diego measles outbreak. Outbreaks decades ago were due to the fact that poor individuals often could not afford to get vaccinated or see a doctor. Now, this is not a problem since vaccines are generally made available for free for those who cannot pay.…
How would you like to run a major city? With the economic economic slowdown, would you raise taxes? If so, on what? If you would cut spending, what programs would you cut? The City of Los Angeles has a survey that let’s you decide allocate the taxpayers dollars. More information can be found at the…
A health policy expert named Jim dies and goes to heaven. God greets the recently deceased and tells Jim that he will answer one question before entering heaven. Jim asks: “Will we ever have universal health insurance coverage in the United States?” God answers: “Yes, but not in my lifetime.”