Health care is unique compared to other sectors of the economy. In typical consumer markets prices are transparent and suppliers compete for the patronage of consumers by competing on price, quality, service, and other amenities. In health care prices are opaque and providers do not compete for patients in the traditional sense. In health care there is not one price but many prices, a different price for each payer.
Category: Health Insurance
Monday Links
- How we benefited from the 2017 (Trump) tax cuts.
- Two (pandemic-related) doomsday predictions that never happened: a child care crisis and women leaving the labor force because of lack of child care and paternity leave.
- Another (Covid-related) doomsday prediction that never happened: one-in-ten- Americans are at risk of being evicted.
- Raw milk is dangerous; so why are sales surging?
- Kamala explains inflation: “Because of the Inflation Reduction Act … we are dropping trillions of dollars on the streets of America right now.”
- When donating blood is better than a payday loan.
Saturday Links
- Drug overdose deaths fell for the first time in five years.
- Seven reasons the country will become more conservative over the next ten years.
- Not enough babies: the entire world has fallen below the replacement rate.
- A solution to the doctor shortage: expand the use of physician’s assistants.
- MaskZero is the only product in the world that can kill covid-19 varmints and protect the wearer against other viruses. Kotlikoff interviews the inventor.
- New York Post: Fauci lied.
How Good is Drug Testing?
[F]ewer than 2% of all drugs that are investigated by academics in preclinical trials are ultimately approved for sale. A recent study found that just 1 in 5 drugs that were successful after Stage 1 trials made it through the FDA approval process.
Source: Sherry Glied quoted by Timothy Taylor
Also, both authors are very good on why RCTs (randomized controlled trials) rarely produce workable reforms for reducing crime or improving educational results.