Econintersect Analysis Blog
Category Archives: Health Care
by Paul Kasriel, The Econtrarian Economics is art masquerading as science. Demographics is not only science, but destiny. Chart 1 shows the changing demographics of America. It shows the rising trend in the proportion of senior “takers” in America. Back … Continue reading
by Mieke Dale-Harris, Institute for Advanced Studies Last week “Giving to beggars is bad and exploitative labor is good” was posted. This article cited people’s rationalizations for not giving to beggars. Two of the major public perceptions of beggars that … Continue reading
by Elliott Morss Introduction We hear a lot about: Universal coverage; Nobody can be refused insurance because of pre-existing conditions; Children cover under parents’ insurance until 26; Insurance companies cannot drop you because you get sick. But there is a … Continue reading
by Leemore Dafny, NBER Private health insurance plays a pivotal role in the U.S. healthcare system. Private insurers account for one out of every three dollars spent on healthcare, and even this figure understates the importance of the sector: many … Continue reading
by Big Issues Today
This article is about the economics of healthcare. It is instructive to consider an example of one of the most devastating and costly diseases as a metaphor for the problems that the U.S. healthcare system faces – out of control growth. Continue reading
by Guest Authors Lance Roberts of Streettalk Live
Consumers Gone Wild! I have this image in my head of shoppers running about frantically over the last quarter shelling out dollars at everything that isn’t nailed down to the floor. That was the general consensus Friday after the GDP report came out showing a lift from 1.3% to 2.5% primarily on the back of the consumer, as shown in the chart. However, the real question is where did the money come from? Continue reading
Prof. Christopher Magee, MIT, discusses his experiences in helping to establish a technical university in Singapore. Continue reading
One of the factors driving health care costs is supply-driven care. John Wennberg and his research partners at the Dartmouth Atlas Working Group on practice variations deserve credit for documenting supply-driven care. What does it mean? It means that doctors and hospitals focus on generating revenues rather than good health at the lowest cost.
The US pays far more for health care than any other nation but gets less. On generally accepted indicators of health care quality, the US ranks at the bottom of the OECD country rankings. Continue reading
Despite the complexity of the new health care legislation, the fundamental US health care problem is simple; it pays too much for what it gets. This point is documented below along with ideas on how the problem might be remedied. The US spends more by far than any other OECD country on health care, and gets the lowest payoff.
The world is experiencing an obesity epidemic. Even the UN has conceded there are more obese than hungry people, even in developing countries! Over the entire planet 15% of the world’s population is overweight; 5% is obese. Among developed nations, the US has more obese people than any other by far: two easy stats to remember: two thirds of adult Americans are overweight; one third is obese.
The health care cost of obesity is significant and obesity has become an epidemic in much of the developed world, with the U.S. leading the way. In the US, health reform has been debated in the process leading up to the passage of the Patient Protection and Afforable Health Care Act in 2010. But an expensive contributor to health care costs gets little attention: overweight and obese people. Two easy numbers to remember:
Two-thirds of Americans are overweight;
One-third are obese.
Beyond the US, there is a global obesity epidemic. And in the least developed nations, the number of obese children now exceeds the number underfed. Continue reading
Two widely used nutritional scoring systems show almost zero correlation. While this appears to make chosing between them a necessity, what information is really needed by consumers who are searching for a way to eat healthier? Perhaps other factors than nutritional scoring are more important? Dr. Morss says he is not a nutritional expert but he does point out some very significant things to think about. Continue reading
A new study suggests that “defensive medicine” and malpractice insurance costs are much less that has previously been thought. Continue reading
In 2010, increasing health care costs do not appear to be a significant factor in hiring decisions be employers. Employers are essentially transferring increased costs to employee contributions. Continue reading