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Respiratory News:

How have pharmaceutical innovation affected mortality in the Middle East and Africa?

Although the high cost of pharmaceuticals is often in the news, these costs are offset by improved health benefits. However, it may not be clear the extent to which new pharmaceutical products lead to improved health at the national level. A paper by Lichtenberg (2018) aims to examine this question looking at the introduction of…...


Trends in productivity of jokes

Stand-up economist Yoram Bauman, weighs on how AI will affect to productivity of jokes. Enjoy....


Why Gavin Newson’s plan to negotiate with drug companies will not lower prices

In one of his first acts as California Governor, Gavin Newson has proposed a way to reduce drug price: let California use its size to negotiate directly with pharmaceutical firms. As the N.Y. Times reports: [O]n Monday, Mr. Newsom signed an executive order proposing a plan that would allow California to directly negotiate with drug manufacturers. The…...


Links

Super gonorrhoea The cost of H1N1 influenza outbreaks. Do wellness programs save money Government shutdown’s impact on healthcare “the marginal return to the tough-on-crime stance may be close to zero”...


Causality: Granger Causality

Earlier this year, I reviewed one definition of causality: the Bradford Hill criteria. Now I move from a medical definition causality to one developed by an economist (in fact, an economist from my alma matter). Granger causality basically identifies a variable as causal if: (i) it occurs the outcome of interest and (ii) including past…...


Nudge or Nanny State?

An interesting article in the N.Y. Times “Upshot” section by Austin Frakt argues that federal efforts to nudge people towards healthier behaviors may be doomed to fail. A $100 billion dollar health care package…encourages exercise by treating gym memberships as tax-deductible medical expenses…[a]nd it would permit the use of flexible spending accounts and health savings accounts…...


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