Unbiased Analysis of Today's Healthcare Issues
Most economists believe preferences are monotonic. This means that economic researchers believe the more of something you have (e.g.: money, burritos, cars, friends, etc.) the more well-off you become. This assumption likely holds if we view health as an argument in a person’s utility function; more health generally makes people better off. Putting ‘medical services’…
Time for a day of family, turkey, and of course football. Enjoy!
What is do be done regarding the long waits for those needing a donated organ to save their life? As expected, economists recommend market creation as the solution. Freakonomics authors Stephen J. Dubner and Steven D. Levitt argue in the New York Times (“Flesh Trade“) that the creation of a market for organs makes sense.…
Milton Friedman is one of the 20th century’s most renowned economists. The International Herald Tribune has an informative obituary (“Milton Friedman…“) in yesterday’s paper. Below are some selected excerpts from the article. Friedman’s most famous book is Capitalism and Freedom. One of the major tenets of the book is that “you have to have economic…
The New York Times has an interesting article (“China’s Muslims…“) of how AIDS is affecting Muslims in western China. The newspaper reports that there is a “sea change by the Chinese public health establishment” in which intravenous drug users are now being sent to treatment instead of jail. The major impetus for this change was…
Some interesting readings for your weekend… The Health Affairs blog gives a succinct explanation comparing the U.S. health care system to the typical European model. (“U.S. Pluralism vs. International ‘Systemness‘”) On Wednesday, the Health Business Blog reported that Toyota is starting its own medical clinic to provide primary and outpatient care for its employees at…
Having a safe and reliable water supply is a prerequisite for longevity. In China’s arid northern region, procuring water has always been a problem. In this week’s Economist, the magazine reports (“A modest proposal“) on some of China’s latest efforts to bring water to this region. The Chinese have already been hard at work diverting…
Nancy Johnson, a co-author of the Medicare prescription drug, has lost in her bid for re-election. According to Fox News (“GOP Rep. Johnson loses…“), the 12-term Republican representative has lost to Democrat Chris Murphy in the Connecticut house race. The Boston Herald (“Johnson loses…“) reports: “Murphy, 33, has slammed Johnson for her support of the…
Every year Transparency International puts out a Corruption Perceptions Index ranking each country’s corruption level. The index is constructed from a survey of various resident and non-resident country experts as well as business leaders (see methodology here). The 2006 Corruption Perceptions Index gives us one clear conclusion: there is a lot of corruption in the…
Health professionals are worried about the growing number of people with tuberculosis. The Health Protection Agency (HPA) website states that “in 1993 the World Health Organization (WHO) declared tuberculosis to be a global emergency.” The HPA reports the following TB statistics. TB cases (thousands) TB infection rate per 100,000 Africa 2573 356 The Americas 363…