It is one of the curious ironies of history that ideas which tend to destroy also help to rebuild. Innovative financial instruments played a key role in the 2007-2008 financial crisis that not only dented economic growth worldwide, but also… Read More »Social impact bonds: is an ounce of (bond) prevention worth more than a pound of (budgetary) cure
Some recent research from the Centre for Health Economics at Monash University has quantified something that we are all aware of: fudging in the measurement of health-related quality of life. They have found that, on average, randomly changing from one… Read More »The ‘Q’ in the QALY: are we fudging it?
There is a large literature documenting the socioeconomic gradient in health. Whether it be measured by education, income or some other metric, individuals of a lower socioeconomic status have worse health. Understanding and explaining this gradient is of great importance… Read More »Marginalism, reductionism, realism
A recent article by Benjamin Ho and Sita Nataraj Slavov, which I picked up via Marginal Revolution, argues that health inequality is falling. The argument is that life expectancy for the 1% dying at the bottom end of the age-at-death distribution has increased… Read More »A comment on health inequality
Here in the UK, NICE sometimes advises against the provision of particular drugs, by the NHS, on the grounds that evidence does not indicate them to be cost-effective. In some cases it appears that these ‘rejections’ are the result of… Read More »Rationing and deprivation in risk sharing schemes