Healthcare-economist.com

The Grossman model – Healthcare Economist

The central proposition of the Grossman model ( Grossman 1972) is that health can be viewed as a durable capital stock that produces an output of healthy time. It is assumed that individuals inherit an initial stock of health that depreciates with age and can be increased by investment. The model is similar to human capital models that have

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URL: https://www.healthcare-economist.com/2019/12/04/the-grossman-model/

The origins of the Grossman ‘Demand for Health’ model

WEBMichael Grossman’s “Demand for Health” model turns 50 this year. To celebrate, Dr. Grossman himself provided some reflections in an article in Health …

Category: Health Go Health

Healthcare Trends to Watch in 2024 – Healthcare Economist

WEBSome key trends to watch from some of my colleagues at FTI in their article The Evolution of Healthcare: Trends to Watch in 2024.. Commercialization of …

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Where is Google investing in health

WEBThe Economist has an interesting article on Alphabet (formerly known as Google) and their ventures into the health care industry. Some highlights. Alphabet is …

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Challenges faced by rural hospitals – Healthcare Economist

WEBA core challenge in rural communities is declining access to hospital care. Eight percent of rural hospitals have closed over the last decade, and closure rates have …

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2021 US National Health Expenditures – Healthcare Economist

WEBA paper in Health Affairs by Martin, Hartman, Benson, Catlin, and The National Health Expenditure Accounts Team (2022) finds that national health …

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Climate Change and HTA – Healthcare Economist

WEBClimate Change and HTA. 2023-02-28 Jason Shafrin. Nobel laureate William Nordhaus claimed that climate change is “the ultimate challenge for economics.”. One could say …

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US health care spending in 2022 – Healthcare Economist

WEBHealth care spending in the US grew 4.1 percent to reach $4.5 trillion in 2022, which was still a faster rate of growth than the increase of 3.2 percent in 2021 but …

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Public-Private Partnerships in Health – Healthcare Economist

WEBA paper by Fabre and Straub (2023) examines how public-private partnerships (PPP) have worked in practice. Why would linking public and private …

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How does provider network size influence health care utilization

WEBEmpirically, broader networks have higher cost and utilization. However, this phenomenon is likely driven by adverse selection; broader networks are more attractive …

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HC Economist Models – Healthcare Economist

WEBThe design of legislation which regulates Medicaid eligibility creates a poverty trap. In California, generally those who have income below 250% of the federal …

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About the Author – Healthcare Economist

WEBTwitter: @JasonShafrin. LinkedIn. Dr. Jason Shafrin is the founder, editor, and chief writer of Healthcare Economist. Jason is a Senior Managing Director at FTI Consulting in the …

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Physician adoption of digital – Healthcare Economist

WEBAn AMA report out this month surveys physicians regarding their perceptions of digital health. This year’s survey replicates similar surveys in 2016 and …

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What is better: public or private provision of health care

WEBThis is a question that can be answered empirically but doing so is challenging. While cross-country comparisons are feasible for comparing public and …

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No Free Lunch: Higher spending health plans have better patients

WEBThat is the finding from a paper by Geruso, Layton and Wallace (2023).They exploit the random assignment of approximately 70,000 Medicaid beneficiaries to …

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Who pays more for hospital and physician services: commercial …

WEBMany people might know that generally the answer is commercial health plans have the most generous reimbursement compared to government plans.

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Medicare to Hospitals: The Patient is Always Right

WEBStarting in fiscal year 2014, Medicare will start rewarding hospitals with high quality care and penalizing hospitals with low quality care. The rewards and penalties …

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Current Events – Healthcare Economist

WEB2024-04-10. I will be speaking on two panels at the upcoming ISPOR 2024 conference in Atlanta, GA. Myfirst panel “Economic Insights Into Nutrition: Unlocking the …

Category: Nutrition Go Health

Price Elasticity – Healthcare Economist

WEB2009-08-19 1 Comment. Price elasticity estimates how consumer demand changes as prices change. For instance, the price elasticity of medical service is defined …

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Adequate health care for 9/11 first responders

WEBThe New Jersey Star-Ledger reports: “Since the dust settled and dispersed a decade ago, thousands of first responders have been diagnosed with pulmonary, …

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The Marginal Utility of Consumption and Health

WEBModel. U (C,S) = γ 0 S + (1 + γ 1 S)u (C) The utility function above is based on the amount of consumption, C, and whether or not the person is sick, S. S is equal to …

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