Who to Blame for Health Costs: The Poisoned Chalice of “ Moral Hazard ”
By JEFF GOLDSMITH How the Search for Perfect Markets has Damaged Health Policy Sometimes ideas in healthcare are so powerful that they haunt us for generations even though their link to the real world we all live in is tenuous. The idea of “moral hazard” is one of these ideas.   In 1963, future Nobel Laureate economist Kenneth Arrow wrote an influential essay about the applicability of market principles to medicine entitled “Uncertainty and the Welfare Economics of Medical Care”.     One problem Arrow mentioned in this essay was “moral hazard”- the enhancement of demand for something people us...
Source: The Health Care Blog - February 8, 2024 Category: Consumer Health News Authors: matthew holt Tags: Health Policy Health Care Costs Jeff Goldsmith Kenneth Arrow Medicare Moral Hazard Source Type: blogs

A talk with Andy Bell on thriving with diabetes
Andy Bell:Experiencing diabetes beyond just numbers I recently had the privilege of catching up with Andy Bell. A good friend and part of the diabetes community, Andy shared his story, which is packed with perseverance and resilience.Andy was diagnosed with type 1 diabetes in 1994 at the age of 14. His experience, like that of many others living with diabetes, has been a rollercoaster ride. During our conversation, Andy touched on his diagnosis story, how living with diabetes has impacted his life, his unique career path, and how he manages now that he...
Source: Scott's Diabetes Blog - January 26, 2024 Category: Endocrinology Authors: Scott K. Johnson Tags: Blog Posts Source Type: blogs

What the DEA does not understand or does not care about medication cessation decisions
Reports sent back to Washington during the Vietnam War made it clear to everyone. The U.S. was winning. There could be no debate or doubt. It was right there in the numbers. When searching for a metric to measure “success,” U.S. politicians and the military had come to rely on body count comparisons. Defining “winning” Read more… What the DEA does not understand or does not care about medication cessation decisions originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - January 13, 2024 Category: General Medicine Authors: Tags: Meds Pain Management Source Type: blogs

Pain and laughter for a veteran patient
Mr. Sampson, a 70-year-old man with a history of diabetes, was referred to us by his primary care physician for nerve conduction studies. He had been experiencing increasing numbness in his right hand for the past year and had recently started having trouble playing his beloved guitar. As a Vietnam War veteran, he had a Read more… Pain and laughter for a veteran patient originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - August 6, 2023 Category: General Medicine Authors: Tags: Physician Hospital-Based Medicine Source Type: blogs

Still Here: My Experience with Repeating a Year of Medical School
On a hot and humid July afternoon, the white coat ceremony for the class of 2025 at the Florida International University Herbert Wertheim College of Medicine was in full swing. Not even the threat of a giant thunderstorm, which happens often during the summer in Miami, could dampen the excitement of 150 aspiring physicians and their families. I walked onstage, slipped on brand-new white coat, and accepted the coveted “medical student” title I had spent years working for. I thought about why I was embarking on this journey: my family of Vietnam War refugees, my brother who has autism, and my father who suddenly passed a...
Source: Academic Medicine Blog - August 1, 2023 Category: Universities & Medical Training Authors: Laura Siegel Tags: 1st Year Med Student Motivation Resilience Source Type: blogs

NATO Summit, Russia's Failures in Ukraine, Vietnam Bans'Barbie': RAND Weekly Recap
This weekly recap focuses on the NATO summit in Vilnius, Russia ’ s repeated missteps in Ukraine, why America ' s superintendents are so stressed, and more. (Source: The RAND Blog)
Source: The RAND Blog - July 14, 2023 Category: Health Management Authors: RAND Corporation Source Type: blogs

Shelf-Stable Breast Milk Powder: Interview with Dr. Vansh Langer, CEO at BBy
BBy, a medtech company based in New York, has developed a spray drying method that hospitals can use to process human breast milk into a shelf-stable powder. Human breast milk is an incredibly important source of nutrition for neonates in intensive care units (NICUs). At present, human donor milk is frozen and must be defrosted prior to use in such facilities. This is highly labor intensive for staff and is very wasteful, as excess defrosted milk must be thrown away and large freezers use a lot of electricity. The spray drying technology developed by BBy converts human breast milk into a shelf-stable dry powder that can...
Source: Medgadget - June 26, 2023 Category: Medical Devices Authors: Conn Hastings Tags: Exclusive Pediatrics BByCares breast milk Source Type: blogs

White House Extends Ukraine ’s Steel Tariff Exemption; Sad Reminder of Steel Protectionism
Clark PackardOn the heels of Russia ’s aggressive war against Ukraine in early 2022, the Biden administration temporarilyexempted Ukrainian steel from the Trump administration ’s bogus “national security” tariffs imposed under Section 232 of the Trade Expansion Act of 1962 (at the behest of the domestic steel industry). The exemption was set to expire on June 1, 2023, with tariffs snapping back to 25 percent. Last week, the White Houseannounced it would maintain Ukraine ’s exemption from tariffs and expanded it to cover Ukrainian steel processed within the European Union (EU). For free traders battered by ill‐...
Source: Cato-at-liberty - June 5, 2023 Category: American Health Authors: Clark Packard Source Type: blogs

Biden Hopes for Vietnam Breakthrough
The United States wants to intensify U.S.-Vietnam ties, because the two countries share long-term strategic interests. Vietnam seems perfectly fine with things dragging on for years in their current state, avoiding a final decision, or even getting cold feet in the end. Washington would be wise to manage expectations for now. (Source: The RAND Blog)
Source: The RAND Blog - May 12, 2023 Category: Health Management Authors: Derek Grossman Source Type: blogs

Congress ’s Shade on Suspended Solar Duties Shines Light on Troublesome Trade Remedy Laws
Gabriella Beaumont-SmithOn May 3, the Senatepassed a  Housejointresolution to nullify President Biden ’s proclamation to freeze the collection of antidumping and countervailing duties (AD/​CVDs) oncertain imports of solar cells and panels.President Biden ’sproclamation, issued last June, usesSection 318 of the Tariff Act of 1930 to declare an emergency of insufficient “electricitygeneration capacity to meet expected customer demand. ” The president directed the Secretary of Commerce to freeze the collection of AD/​CVDs onsolar cells and panels imported from Cambodia, Malaysia, Thailand, and Vietnam, after the ...
Source: Cato-at-liberty - May 8, 2023 Category: American Health Authors: Gabriella Beaumont-Smith Source Type: blogs

Spotlighting Protester Surveillance: FOIA Lawsuit Edition
Patrick G. EddingtonThis coming May 25 will mark three years since the murder of George Floyd by then ‐​Minneapolis police officer Derek Chauvin. That event sparked some of the largest political street protests since the Vietnam War era. In both cases, the federal government’s reaction was to increase domestic surveillance targeting the protesters. This time, however, two federal entities that did not exist during the 1960s protests were key players in responding to the national outcry over Floyd’s murder: the Drug Enforcement Administration (DEA) and the Department of Homeland Security (DHS).The public learned abo...
Source: Cato-at-liberty - May 2, 2023 Category: American Health Authors: Patrick G. Eddington Source Type: blogs

Government Proposes To Make Bad Standards on Race and Ethnicity Worse
John F. EarlyI recently laid out the case to stop government classification of people by race and ethnicity in a CatoBlog post. Those observations were stimulated by The Office of Management and Budget (OMB) posting a notice for comment in the Federal Register with respect to a report from the Federal Interagency Technical Working Group and Race and Ethnicity Standards to revise the existing standards for collecting data by race and ethnicity. Comments are due by April 27, 2023.Ipublished a similar op ‐​ed in the Wall Street Journal, which subsequently printed a singleletter to the editor in re...
Source: Cato-at-liberty - April 18, 2023 Category: American Health Authors: John F. Early Source Type: blogs

Platinum Anniversary
As some readers know, for many years I maintained the Today in Iraq blog, during the U.S. occupation. The invasion of Iraq was an illegal war of aggression, and U.S. troops and mercenaries committed innumerable war crimes. The result was an indescribable catastrophe for Iraqis, with a conservative death toll estimate of 800,000 and most likely far higher, at least as many people injured, and entire cities destroyed. (Notably Fallujah and Mosul.) The consequences for the U.S. were not as dire, but $8 trillion wasted and immense damage to the nation ' s international standing, along with 4,400 military dead and 32,000 w...
Source: Stayin' Alive - March 18, 2023 Category: American Health Source Type: blogs

Jimmy Carter vs. the Fairness Doctrine
Paul MatzkoJimmy Carter has lived long enough —and he is the longest living former president by a substantialmargin, with the gap between him and #2, George HW Bush, nearly as wide as that between Bush and #6, Herbert Hoover! —to see the fruits from his sweeping crusade for federal deregulation.Others havediscussed Carter ’slegacy as theGreat Deregulator of airlines, craft beer, trucking, rail, oil and natural gas, and much more. It ’s all true and Carter deserves credit for laying the foundation for the economic prosperity of the 1980s and 1990s.But I  want to focus on an underrated aspect of Carter’s deregula...
Source: Cato-at-liberty - March 13, 2023 Category: American Health Authors: Paul Matzko Source Type: blogs

Section 301 Tariffs Cost Americans, Not the Chinese
Gabriella Beaumont-SmithThe United States Trade Representative (USTR) is conducting a  four‐​year review of the Section 301 tariffs imposed on imports from China. In 2018, the USTR initiatedan investigation into China ’s technology and intellectual property practices and concluded that they adversely affected U.S. businesses. As a result, the U.S. imposed punitive tariffs up to 25 percent on over $300 billion worth of imports from China.As part of the review process, interested Americans could provide comments to the USTR. The almost 1,500 comments filedpaint an ugly picture —higher costs and prices, and less inv...
Source: Cato-at-liberty - February 27, 2023 Category: American Health Authors: Gabriella Beaumont-Smith Source Type: blogs