Blog Archives

Mind the gap in life expectancy WITHIN America

We read a lot about the growing political divide in America and we hear a lot of commentary about the two Americas in terms of income inequality.  But a bigger inequality problem is the gap in life expectancy.  Here’s a

Posted in Health

The expected value of potential lives lost during atomic testing

Rob Reid wrote a great explanation of the horrible risk taken during the Manhattan Project, when American nuclear scientists took a chance estimated at one-in-three million that the first atomic test would create a chain reaction that would ignite the

Posted in Globalization & International, Health, Managerial Micro, Violence & Peace

A public conspiracy to protect pharmaceutical profits at taxpayer expense

Every so often I get requests to sign a petition supporting various business interests. The petitions are promoted by fly-by-night “organizations” that are fronts for lobbyists like EconomistLetter.com.  Lately I’ve been getting emails from ConcernedEconomists.org that are worried about the pharmaceutical industry’s

Posted in Health, Public Finance

Monopolistic competition in health care

According to Modern Healthcare magazine, medical ambulances charged between $26,000 and over a half million dollars for each individual flight in North Dakota over the past four years. The prices averaged around $60,000 which is extremely steep given that almost

Posted in Health, Public Finance

Criminalizing drugs makes about as much sense as criminalizing depression.

Which has a greater cost to society, depression or addiction? The estimated burden on America is similar. The White House reported in 2014: The economic cost of drug abuse in the US was estimated at $193 billion in 2007, the

Posted in Health, Public Finance

Failures of Obamacare and possible reforms

Jon Walker wrote a wonderful critique of Obamacare that Kevin Drum published in pieces so I’m copying it below so that it is all in one place. 1. State control combined with zero direct incentives for the states to make

Posted in Health

Rolling out a new kind of “death panel” claim to try to scare senior citizens

Before becoming president, Donald Trump was a long-time proponent of single-payer health insurance (aka Medicare for All).  That shouldn’t be surprising given that Trump was a liberal Democrat for most of his life until Obama was elected and then Trump’s

Posted in Health

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