1000 People Described How They’d Find Happiness — Here’s Who Succeeded
Happiness doesn’t always come easily. Some people seem naturally happy, like they inherited the right gene or were born into the right circumstances. Many other people struggle to find happiness. Perhaps even more people hope to become happier than they already are. But what kind of plan should people follow if they are hoping to…
Behavioral Economic Interventions – It’s Not a Choice Between Nudges and Shoves
The field of behavioral economics has brought attention to promising ways of motivating people to make better life choices. Many behavioral economic-inspired interventions are relatively hands off — they nudge people to make wiser decisions without in any way restricting their choices. The idea of nudges was made justifiably popular by Cass Sunstein and Dick Thaler…
High Healthcare Costs — Are Insurance Premiums a Cause or an Effect?
In 2010, the state of Rhode Island decided to tackle high healthcare costs. It did so by requiring insurers to meet affordability standards. The plan worked, but not for the reasons you probably suspect. Let’s start with what Rhode Island’s standards look like. It required several things of insurers: Premium caps – with annual inflation equal…
Death by Poison – A New American Epidemic
I’ll get right to the dismal data: Americans are dying from poison at an alarming rate. In 2005, death by poison in the U.S. occurred in about 11 of every 100,000 people over age 15. By 2016, that number had more than doubled, to 24. Any guesses at what could explain this horrific statistic? (To…
The Most Expensive Medicare Patients Aren’t Who You Think
Over half of Medicare spending is concentrated in 10% of patients. With Medicare expenditures rising at an unsustainable clip, reigning in the costs of those patients is key to controlling healthcare spending. So who are those patients and what expenses are they racking up? (To read the rest of the article, please visit Forbes.)
Angry Your Doctor Won’t Tell You What That Test Costs? You Should Be!
Steve B. wasn’t going to be fooled twice. He’d recently seen an ear, nose, and throat specialist for a “tickle in the throat” that wouldn’t go away. He’d forked over a co-pay at check-in, but then the doctor said he needed “to put a scope down there” and check his throat. He later received a…
Free Markets – Madness or Miraculous?
Recently, I got an incredibly nice email from a complete stranger. It began like this: “I am an Economics teacher in England and have just finished reading your wonderful book ‘Free Market Madness’. When you write a book that only 5 people read, it is nice that at least one person thinks it is wonderful….
Medicaid: It’s an Antipoverty Program, Stupid!
The first time Bill Clinton ran for president, his campaign chair was determined to keep the famously verbose candidate focused on one topic. So he coined a phrase: “It’s the economy, stupid!” That phrase comes to mind when I think about our country’s Medicaid programs. Medicaid is a federal/state partnership to provide healthcare coverage to…
Uncovered: In America, Insurance Doesn’t Guarantee Access and Coverage Doesn’t Mean You’re Covered
Something like one in seven people living in the US have no healthcare insurance. In fact, the number of uninsured people has grown by 7 million since Trump has become president. (Make America Uninsured Again?) These numbers are atrocious. Embarrassing. Shameful, actually, in a country as wealthy as ours. We need to recommit ourselves to guaranteeing people access…