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Posts Tagged ‘economics’

Image by Grim Reaper With A Lawnmower via Flickr Very much enjoyed Professor & Blogger Tyler Cowen’s new book.  He muses on the deep seated joy that people have in self-ordering information and the economic value that comes from facilitating this natural instinct.  As a blogger-in-training, the book has really helped me better understand how [...]

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Image by TW Collins via Flickr Was bummed to hear Nick Haymenn say (download & listen to minute 10 on this Bloomberg News podcast) that GE healthcare has abandoned its molecular & imaging diagnostics program aimed at early detection and intervention. Crap, that sets things back quite a bit across the medical universe I suspect.

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Image by fling93 via Flickr Just feeling inspired by this short interview with Tyler Cowen.  I share his feeling that blogging is mainly just a way to share your enthusiasm … but certainly would be nice to have Professor Cowen’s brain power on top of the enthusiasm!

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Image by Kessiye via Flickr pointer to — Financial analyst Andy Kessler’s recent article “Technology Review: A Pound of Cure” discusses whether several  $billion of government incentives for digitizing health information is enough to root out inefficiencies in a $2.4 trillion industry.  Not if hospitals have any say, suggests Kessler.  However, the long-run prospects of [...]

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Image by spike55151 via Flickr Just a pointer to an amazing analysis on the politics of moving forward with a more comprehensive government sponsored healthcare option.  Sadly, but not surprisingly, the flow of lobbying funds predicts who will vote to maintain the status quo.

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Image by Nestlé via Flickr Just a pointer to management expert Michael Porter’s new article in the NEJM. “… expanded access without improved value is unsustainable and sure to fail.”

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Image via Wikipedia Shopaholics and political activists might want to take a look at Jonathan Roiser et al.‘s paper, “A Genetically Mediated Bias in Decision Making Driven by Failure of Amygdala Control” [doi:] as an early example of the nexus of “behavioral-neuro-economic-genetics” or “neuro-genetic-marketing” or “neuro-eco-geno” as it might (not) be called one day.  In [...]

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Image by Lloyd Davis via Flickr Just enjoyed Uwe Reinhardt’s lecture on the current and future economics of healthcare in the U.S. and was very much struck by his emphasis on evidence-based medicine (predicts a potential 30% savings in Medicare spending) as a means to rid the current system of overspending.  A must-see, is the [...]

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With a number of research institutes succumbing to the Madoff fraud, I wondered whether my own host, Mount Sinai School of Medicine, might be exposed to financial losses.  While I have no way of really knowing (I wonder if the trustees do), I stumbled onto this neat relationship tracking tool @ Muckety.com.  When I search [...]

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Image via Wikipedia Many folks would agree that money is not the route to happiness.  But, lets be honest, when some of your money is taken from you and just given to someone else – well now, that sure enough, has a way of pissing you off !  Such is a common refrain today, as [...]

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Image via Wikipedia Click here to listen to the free NPR podcast: “Uwe Reinhardt, professor of economics and public affairs at Princeton University, calls the health care sector the “strongest economic locomotive working for us.” He estimates that by 2015, health care will be one-fifth the size of the U.S. economy and says this is [...]

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Scale of the debt …

Just thought this NY Times graphic nicely captured the outlays of debt taken on during the recent weeks by the US Central Bank. Healthcare spending is usually the big item(s), but the new debt really dwarfs it.  Immense new pressure on the financing of healthcare.

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Image by Getty Images via Daylife Amidst the current economic panic, I’m feeling more shocked than usual when listening to the flip-flopping, falsehoods, fabrications, backstepping, about-facing and unabashed spin-doctoring spewing forth from the news media. If watched long enough, one may even develop empathy for Henry Paulson who carries the weight of the global economy [...]

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Image by Getty Images via Daylife A recent article in “Technology Review” profiles Austan Goolsbee, a professor at the University of Chicago School of Business & senior economic advisor to Barack Obama. I was surprised by a comment he made suggesting that as healthcare spending continues to expand, he can see it becoming a central [...]

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Just saw this on engadget … fun and useful – just like chumby but with a medical twist. Who knows, it may someday make housecalls (see link below).Related articles by Zemanta Hacker goes bananas, creates robotic Chumby driving machine

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Image by Getty Images via Daylife Just a pointer to a great overview article of trends in medical tourism at Economist magazine. Hope the price of jet fuel doesn’t put a damper on these exciting trends.

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Image by wallyg via Flickr The Manhattan Institute policy think-tank posts some commentary (including one by yours truly) on their Medical Progress Today section pertaining to the recent regulatory steps (backward).

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Image by talkradionews via Flickr Amidst his hectic schedule managing the ongoing credit crisis, the New York Times notes that Federal Reserve chairman Ben Bernanke opened a bipartisan symposium which will, “lay the groundwork for what leaders of both parties predict will be a major push for health care legislation next year.” From the article, [...]

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Dr. Scott Shreeve has a great post on the launch of “Carol” a new, open & transparent healthcare marketplace. With DNA Direct offering services there, its easy to see how biomarkers and biomarker-driven care can work within a consumer-driven business model. Exciting to see the future today !!

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Image via Wikipedia Recent meta-analytical research, “Selective Publication of Antidepressant Trials and Its Influence on Apparent Efficacy” (N Engl J Med 2008;358:252-60) reveals that while 94% of published antidepressant drug trials show positive findings, only 51% of all such (published and unpublished) trials show positive effects (with a range of effect sizes from 11-69%). This [...]

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