Good Entropy

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03/06/2010

More on Intuitive Differences

by @ 8:37 pm. Filed under Human Nature, thoughts

continuing on this post https://gentropy.org/blogs/2009/10/02/intuitive-differences/
I have a friend that has a predisposition to believe conspiracies. I have the exact opposite bias. I rarely see any indication of conspiracy.

Makes for a fair amount of disagreement.

03/03/2010

Less expensive, lower-quality innovations abound in every economic sector—except medicine

by @ 6:17 pm. Filed under economics, Healthcare, Human Nature

Just-as-good Medicine » American Scientist

That decrementally cost-effective innovations are so rarely described in the health-care literature suggests that medicine is distinct from most other markets, in which cost-decreasing, quality-reducing products are continuously being introduced—think IKEA, Walmart and the Tata car. Several reasons may explain this “medical exceptionalism.” First, there is fundamentally a lack of incentives both for physicians to control costs, especially under a fee-for-service regime, and for patients to demand less expensive treatment when insurance shields them from the direct costs of care. Second, medical “bargains” frequently come with health risks, and trading health for money strikes some as vulgar, regardless of ratio. The inherent ethical unease that decrementally cost-effective innovations can elicit poses a serious public relations and marketing challenge.

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jour·nal n. A personal record of occurrences, experiences, and reflections kept on a regular basis; a diary.

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