Unbiased Analysis of Today's Healthcare Issues
Today I will review a few basic concepts of time series econometrics. A time series is a stochastic process where observations appear in different time periods. For instance, {zi} (i=1,2,3,…) is a stochastic process with zi representing the GDP each quarter. Below are a few important definitions which are important to econometric estimation using time…
This week’s edition of the Health Wonk Review is up at HealthBlawg.
Knowledge is power. Medical care is a product in which individuals offer patients compensate doctors according to their expertise in the health care field. One way to help sick individuals—especially in developing countries—is to increase their own knowledge of the illnesses which afflict them. One organization working to spread health care knowledge is Global-HELP. The…
Below are some quotations from Gary Becker and Richard Posner’s debate on the Bush healthcare plan. Becker: “Since under present tax law, medical expenses has to exceed 71/2 % of a family’s taxable income before this spending begins to be tax deductible, it is very hard to get any tax benefits with individual health insurance.…
“Cancer cured with soothing balmy oils.” Appeal to Reason “According to this repeated nationwide survey, more doctors smoke Camels than any other cigarette.” – TV ad Regarding patent medicine sold at the end of the nineteenth century: “…the medicines were ineffectual. Some of the syrups contained as much as 80 per cent alcohol; many of…
A push towards more accurate evaluation of health care quality has become a major public policy goal in recent years. The Department of Health and Human Services now has a website ranking hospital quality and California has a Healthcare Quality Report Card. One problem with simple quality measures such as mortality or morbidity rates are…
The Center for Global Development has an interesting measure of how much twenty one first world countries are helping their counterparts in the developing world. The measure is named the Commitment to Development Index (CDI). The index ranks each country the basis of seven categories: aid, trade, investment, migration, the environment, security and technology. More…
The New York Times reports today (“…Guidelines…“) that the Center for Disease Control and Prevention (CDC) has issued new guidelines on how to prevent or mitigate an influenza pandemic. Some of the major non-pharmaceutical interventions are: Asking ill persons to remain at home or not go to work until they are no longer contagious (seven…
An interesting article in the New York Times’ Sunday Magazine (“Unhappy Meals“) tells readers not to worry about fat levels, getting your daily protein or carb counting. Michael Pollan, the author, claims that nutritionism in American has lead to less healthy, more obese Americans; instead we should simplify our eating habits. Most nutritionist studies examine…
The future of Social Security is in question. Even Federal Reserve chairman Ben Bernanke warns of the rapidly approaching Social Security “fiscal crisis.”. Individuals at the beginning or middle of their prime working years are unsure of how large (or small) their Social Security benefits will be when they retire. An NBER working paper by…