Monday saw the first strike by health service staff in England and Wales for 32 years. This dispute surrounds the refusal of the government to implement a 1% pay rise recommended by the NHS pay review body. The reason for… Read More »Nurses on strike
The use of labour market outcomes in the Value Based Pricing scheme is inconsistent with the concept of value This year, the Department of Health in the UK will begin using a new system of ‘value based pricing’ (VBP) to… Read More »The ‘value’ in value based pricing
Personalised medicine appears to be an inevitable future of health care, and economists aren’t ready for it. It has various monikers and related concepts including precision medicine, stratified medicine, pharmacogenomics, pharmacogenetics and predictive medicine. But, whatever you call it, it means big… Read More »Economics of personalised medicine: an introduction
By Chris Sampson, David Whitehurst and Andrew Street In December 2012, an article was published in The European Journal of Health Economics with the title ‘Patients whose GP knows complementary medicine tend to have lower costs and live longer’. We… Read More »Bad science in health economics: complementary medicine, costs and mortality