The cost of drugs confounds this gastroenterologist

Most of us do not know the basics of economics, although we should. It impacts every one of us every day that we are alive. Yet, for most of us, once we get beyond the law of supply and demand, our knowledge of the subject starts to vaporize. I can’t explain fiscal or monetary policy. While I regard economics as a science, it seems that experts routinely interpret data differently, which confuses beginners like me. What are novices to think when one expert hails our continued job gains while another laments our anemic recovery? I have a general feel for market forces. If consumer demand for an item rises, then I will expect to pay more. If I want to make a purchase at an independent appliance store, then I will expect to pay more in return for superior customer service. If the item is manufactured in China, it will likely cost me less as this factory is not burdened with worker protections, environmental regulation, and union wages. Continue reading ... Your patients are rating you online: How to respond. Manage your online reputation: A social media guide. Find out how.
Source: Kevin, M.D. - Medical Weblog - Category: General Medicine Authors: Tags: Meds Gastroenterology Infectious Disease Public Health & Policy Source Type: blogs