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
I’m currently reading Les Mis (I have been for about 2 years – it’s half a million words long). A few months ago, Hugo described economists to me as “geologists of politics” (géologues de la politique). A pretty smart observation… Read More »Some thoughts on evidence-based policy
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