Utility Function

Sean Carroll, a physicist at California Institute of Technology, has some interesting comments regarding how economists use the utility function in a post titled “So what have you been maximizing lately?“  For instance, here are his musings on ‘rational choice’: If the job of science is to describe what happens in the world, then there…

What makes us healthy?

There is an interesting article from Sunday’s N. Y. Times magazine (“…what makes us healthy?“) about the problems in epidemiology of using non-randomized data to draw conclusions.   For instance, there is much uncertainty as to whether hormone-replacement-therapy increases, decreases or has no effect on the probability a woman will have heart disease. The article talks…

Washington Monthly Articles

Recently I came across two Washington Monthly articles in their Health Care Issue which are both very interesting. The first (“Newtered“) by Shannon Brownlee talks of the lack of evidenced based medicine in the U.S. In the mid-1990s, the Agency for Health Care Policy and Research (AHCPR) panel concluded that there was little evidence to…

Presidential Hopefuls’ stance on Health Care

What is your favorite presidential candidate’s solution to the “health care crisis?”  The Kaiser Family Foundation has a great resource on its health08.org website.  The site offers links to each candidate’s website where they discuss their health care policy.  Unfortunately, there is no analysis of the candidates’ plans, but the site is an unbiased source…

Wal-mart health plan

Wal-mart recently released the details of its new health plan for 2008 (see company press release or the Houston Chronicle article).  Here are some highlights of the plan. Employees now have “50 ways of customizing their health care coverage options…a substantial increase from last year, when most associates had only nine choices.”  However, it seems…

Drug Rx on chartreuse-colored paper only…not lavender!

While a single payer universal health care system will likely increase equality in the U.S., it will also likely lead to gross inefficiencies. For example, see Monday’s USA Today (“Medicaid Drug Rule“). A new rule was enacted which attempts to reduces the amount of fraud in physician prescribed drugs. The law–whose backers claim will save…

Medicaid Market and Pediatric Patient Safety

How do market forces affect the safety of children in hospitals? A paper by Smith, et al. (HSR 2007) looks at data from Florida, New York and Wisconsin and they see if Medicaid market concentration affects quality of care for children aged 0-17.  It is important to examine Medicaid’s affect on patient safety since about…

CureHunter

A new website is available to help patients and physicians find information regarding various diseases.  The site is called CureHunter.  The site not only has a ton of information on different diseases, therapies, drugs, and bio-agents, but shows the relationship between each of these in a very appealing visual interface.  Since I am not a…

Big Pharma May Have Bet Wrong in Flu-Shot Race

“GlaxoSmithKline Plc and Novartis AG, two of the world’s biggest vaccine makers, may have bet on the wrong technology in the race to develop a better flu shot.” This is how a recent article (“…Bet Wrong…“) by John Lauerman of Bloomberg News begins. Helped by a $221 million grant from the U.S. government, Novartis is…