Innovation: The good and the bad

Our data, for example, show that a third of Medicare’s spending in physician or outpatient settings in 2012 reflects technology that did not exist a decade earlier…When it comes to technology development, the central challenge is to encourage high-value innovation while discouraging innovation that drives up costs without much improving health. Bagley, Chandra and Frakt. Correcting Signals for…

Prison

Below are two excerpts from a series of articles in Wilson Quarterly on Prison reform: “With effective programs, we could reduce the number of repeat offenders by nearly 100,000.  We could do even better if these efforts were linked to improved services in teh community upon release.  Such efforts would pay for themselves by reducing…

Failure and the Problem with Science

“The fact is, we carefully edit our reality, searching for evidence that confirms what we already believe. Although we pretend we’re empiricists — our views dictated by nothing but the facts — we’re actually blinkered, especially when it comes to information that contradicts our theories. The problem with science, then, isn’t that most experiments fail…

Healthcare Summit Quotations

“We are not cutting Medicare benefits. We are trying to eliminate waste.” Vice President Joe Biden, 25 February 2010. “Our country’s too big, too complicated, too decentralized for Washington, a few of us here, just to write a few rules about remaking seventeen percent of the economy all at once.” Senator Lamar Alexander, 25 February 2010.…

How important is credit?

“Adequate credit is to trade what altitude is to aircraft; without it, the odds of coming to grief over preilous commercial terrain are great.  All merchant enterprises sooner or later lose cargoes or encounter soft markets.  Without ample capital reserves and the ability to borrow at low rates of interest, bankruptcy is inevitable.” ~ William…