Unbiased Analysis of Today's Healthcare Issues
In most goods and services you buy, the answer is yes. A Tesla is more expensive than a KIA; a large house is more expensive than a big house; a night at the Ritz Carlton is more expensive than a night at the Motel 6. Nevertheless, in healthcare, many policy wonks believe that cost and quality may…
Efficiency in the field of economics increases when either 1) outputs are increased for a given level of inputs, or 2) inputs are decreased for a given level of output. Estimating efficiency in the medical field is more difficult, however, since the output (marginal health improvement) is difficult to measure. In the area of hospitals,…