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Coronavirus lands in the US January 22, 2020
Today, the first case of coronavirus was identified in the U.S. The man was infected when he traveled to visit relatives in the Wuhan, China. Here are some helpful FAQs. Where has the coronavirus spread? The CDC website reports: Chinese authorities first identified the new coronavirus, which has resulted in close to 300 confirmed human…
Are survival benefits keeping up with rising cancer drug costs? January 21, 2020
Despite what conventional wisdom says, a paper by Chen et al. (2019) indicates that the answer may be ‘yes’. The adjusted price per median LYG [life year gained] of a drug increased by $6129 (P = .14) each year from 1995 to 2012,…whereas the adjusted price per mean LYG increased at a markedly slower rate…
Synthetic Control Method January 20, 2020
One popular technique for causal inference is difference-in-difference (DiD) estimation. Under DiD, there is one cohort of observations with both a pre and post intervention time period and another group that was not exposed to the intervention. The time trend of the group without an intervention in essence serves as a control group for the…
Is 25% of health care spending really waste? January 17, 2020
That is a claim by a recent JAMA article by Shrank et al. (2020). The Incidental Economist has a nice video explaining their findings. Of the $760 billion in total waste, the largest component is administration and billing, costing $266 billion. There is an easy way to eliminate most of this waste: eliminate insurance. If…
Mid-week Links January 16, 2020
Health impacts of evictions. Falling cancer mortality rates in the US. Digital health funding declines. The greatest healthcare system in the world? Marry a third or fourth cousin.