Book Review: The Right Price

The book The Right Price: A Value-Based Prescription for Drug Costs is a fantastic book for individuals interested in understanding why value-based drug pricing makes sense. It is a bit more technical and more detailed than the average health policy book, but there are few formulas or detailed methodological explanations. Rather, the book provides a…

Cato supports public option?

A white paper from Cannon and Pohida (2021) calls for applying “public option principles” to Medicare. Who would have thought that the Cato Institute would call for a public option? Well in fact, the do not really call for a public option. The proposal should be called introducing a voucher system into Medicare. Under the…

Capability measures to value health interventions for kids

Traditional cost-effectiveness measures measures treatment value based on how it affects your health. Health is often decomposed into longevity (i.e., survival) and quality of life while alive. However, Nobel laureate Amartya Sen argued that improvements in one’s life should be based on capabilities (a.k.a. opportunities, freedoms, advantages) to perform desired tasks rather than more abstract…

COVID-19 excess mortality by race

How did COVID-19 affect mortality rates and how did that vary by racial and ethnic groups? Using January 2011 – April 2020 data from the Census Bureau’s version of the Social Security Administration’s Numerical Identification (Numident) database, a paper by Polyakova et al. (2021) find significantly higher all-cause excess mortality rates for minority groups, particularly…