Dubai Healthcare City

My friend and General Electric financial analyst Matt Janner is currently working in Dubai.  He has sent me some wonderful articles about the emirate and one of its newest investments: “Dubai Healthcare City (DHCC).”  Here is a brief summary of what I have gleaned from these articles. Dubai is one of the fastest growing cities…

Marketplace: “One home, Two nations”

Today, most news sources’ headline story was “The Day without Immigrants.” From Los Angeles to New York to my hometown of Milwaukee, thousands marched to protest proposed immigration laws. NPR’s Marketplace radio show (“One home, Two nations“) has a wonderful portrayal of two friends–Francisco Castro and Luis Molina–and their decision of whether or not to…

Male chauvinist pig of a discipline

Not everyone is like me and enjoys employing the discipline of economics in their research. On the Gendergeek blog, the author claims in her Geek-onomics post that: It worries me that so much of the heavily gendered distortions of modern economics, in conjunction with its methodological fetishism, is unnoticed or ignored. Economics could turn out…

NFL Draft and Physician Diagnosis

Yesterday was the NFL Draft. It is a day of hope where teams can look to their future and see a potential Pro-Bowl individual joining their cadre of players. For instance my favorite team, the Green Bay Packers, selected linebacker A.J. Hawk from Ohio State University. The team was considering trading their number 5 pick…

Cost to bring drug to market: $802m

According to the PhRMA (Pharmaceutical Research and Manufacturers of America) U.S. drug companies spent $39.4 billion on research and development in 2005. Much of this money goes towards the clinical trials necessary for FDA approval. But how much does it cost to bring a drug to market? In order to bring a drug to market,…

The Greying of China

It is a great achievement that China has one of the highest life expectancy rates (72.6) of any country in the developing world. However, the CIA World Factbook reports that “One demographic consequence of the ‘one child’ policy is that China is now one of the most rapidly aging countries in the world.” The Demography…

SSDI “$1 for $2” Reform

Currently the Social Security Disability Insurance (SSDI) program covers almost 8 million Americans. The program is designed to help those who need assistance the most: those who cannot work due to disability. These individuals are entitled to approximately $830 per month. One feature of SSDI is that it has an implicit 100% tax on earnings.…

Physician Assistant Data

The concept of the Physician Assistant gained its inspiration from 17th century Europe where feldshers were used in the 17th century Russian Army. In the 1960s, China employed over 1.3 million “barefoot doctors” to improve delivery of health care, especially in rural areas. Not until the mid 1960s did the U.S. begin to use Physician…

SCHIP expansion in Minnesota and New York

Under the Balanced Budget Act of 1997, the Federal government established the State Children’s Health Insurance Program (SCHIP), which was aimed at reducing the number of uninsured children in the United States. States were given a variety of options of how to implement this program. Nineteen states decided to operate the SCHIP program as an…