- You have to be an American Indian who participates in religious ceremonies in order to legally use peyote.
- Inflation update: Lower-income households experienced higher 2024 inflation rates than higher-income groups, with the gap exceeding 70 basis points between the second and top income deciles.
- A “face test” does a better job than doctors at predicting cancer survival. (WSJ)
- You can take a selfie and determine your own biological age. (WSJ)
Category: Artificial Intelligence and Healthcare
Consumer Health Products are Cheap, While Insured Medical Care Costs a Fortune
Since my private life is apparently so boring Facebook fills the gaps with sponsored posts and a lot of advertisements. A day ago, I began noticing that many of the ads were for health-related products and services. Perhaps Facebook began feeding me ads for health products because I lingered over one for too long, but I’d like to think that Americans are truly interested in taking a more active role in their health care.
Sunday Links
- Cato: “We estimate that the [Inflation Reduction Act] will cost more than $1 trillion over the next 10 years and between $2 trillion and $4 trillion by 2050.”
- Despite a bumpy start, hospital price transparency requirements are having an effect: a movement toward price convergence.
- How health insurers use AI to deny health care claims.
- MAGA opportunity: McKinsey estimates the global market for “consumer wellness” products at $1.8 trillion—making it roughly twice the size of the pharmaceutical industry
Hospital Electronic Pharmacy Systems are a Source of Medical Errors
Hospital pharmacies are highly automated. When a hospital-based physician orders a drug, it is entered into the pharmacy system and the medication loaded into the cart. At least that’s how it’s supposed to work. It’s does always work right, according to a new study.