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Articles Posted by M. Dodge Thomas

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  • Healthcare Economics in 8 Minutes (How To Really Make It Cheaper)

    03/25/2017 8:45:52 AM PDT · by M. Dodge Thomas · 46 replies
    Healthcare In America ^ | March 8th, 2017 | Joe Flower
    "Customers in healthcare ask a different question than customers in most markets. Whether hospitals (as customers of suppliers) or individuals needing an operation, healthcare customers mostly don’t ask, “Can we afford it?” Or even, “What’s the best value for the money?” They ask, “Is it covered? Can we get reimbursed for this?” And the reimbursement or coverage is set by complex non-market mechanisms that in most parts of the market are themselves opaque to the customer. So there is no real customer and no real price signal in most relationships throughout the market."
  • We Desperately Need a Twenty-First Century View of the Economy.

    02/21/2016 1:33:12 AM PST · by M. Dodge Thomas · 22 replies
    Evonomics ^ | 02-21-2016 | Nick Hanauer and Eric Beinhocker
    For everyone but the top 1 percent of earners, the American economy is broken. Since the 1980s, there has been a widening disconnect between the lives lived by ordinary Americans and the statistics that say our prosperity is growing. Despite the setback of the Great Recession, the U.S. economy more than doubled in size during the last three decades while middle-class incomes and buying power have stagnated.... (yet) for too many families, the American Dream is becoming more a historical memory than an achievable reality. These facts do not just highlight the issues of inequality and the growing power of...
  • Hospitals looking for cash upfront

    11/17/2013 5:57:44 AM PST · by M. Dodge Thomas · 64 replies
    The Chicago Tribune ^ | Nov 17, 2013 | Peter Frost, Chicago Tribune reporter
    Before undergoing an MRI, a CT scan or a surgery to clean up that wobbly knee, consumers had better become accustomed to hearing: "How do you intend to pay for that?"... The shift comes as more consumers enroll in so-called high-deductible health plans, which require consumers to pay more out of pocket in exchange for lower monthly premiums. As a result, health care providers must collect a larger portion of patient bills from consumers themselves, rather than their insurance companies. It's a delicate balance for hospitals, which have certain legal and ethical obligations to care for people who arrive with...
  • The Real Republican Adversary? Population Density

    09/04/2013 5:19:18 AM PDT · by M. Dodge Thomas · 26 replies
    Dave Troy Blog ^ | November 19th, 2012 | Dave Troy
    Curious about the correlation between population density and voting behavior, I began with analyzing the election results from the least and most dense counties and county equivalents. 98% of the 50 most dense counties voted Obama. 98% of the 50 least dense counties voted for Romney... At about 800 people per square mile, people switch from voting primarily Republican to voting primarily Democratic. Put another way, below 800 people per square mile, there is a 66% chance that you voted Republican. Above 800 people per square mile, there is a 66% chance that you voted Democrat. A 66% preference is...
  • Vanity: It's Time To Let Go Of "They Stole It"

    11/08/2012 6:25:55 AM PST · by M. Dodge Thomas · 82 replies
    11-8-2012 | Self
    Reading the last two days discussion of what happened Tuesday, IMO there is one line of argument that needs to be abandoned because it's both incorrect and counterproductive: "They stole it". The problem with the "vote fraud" theory is that that convincing evidence that it's not correct; for example the actual results were very close to the aggregate polling predictions in the last weeks before the election, see for example: For that to happen you would not only have to rig not only the election but also both the national and state level polling in such a way that...
  • Choosing the Road to Prosperity Why We Must End Too Big to Fail—Now

    04/15/2012 6:49:01 AM PDT · by M. Dodge Thomas · 6 replies
    Federal Reserve Bank of Dallas ^ | 4/1/2015 | Harvey Rosenblum
    The too-big-to-fail institutions that amplified and prolonged the recent financial crisis remain a hindrance to full economic recovery and to the very ideal of American capitalism. It is imperative that we break up the big banks...
  • Herman Cain's 9-9-9 Tax Plan

    10/19/2011 10:54:18 AM PDT · by M. Dodge Thomas · 25 replies
    Tax Policy Center ^ | Oct 18, 2011 | Tax Policy Center (Brookings Institution )
    "The Tax Policy Center has estimated the distributional effects of a fully-phased-in version of Herman Cain’s 9-9-9 tax plan. Herman Cain’s plan would eliminate the current individual income tax, corporate income tax, payroll tax, and estate and gift tax and substitute three taxes imposed at a 9 percent rate: 1) a 9 percent “national sales tax” 2) a 9 percent “business flat tax”, and 3) a 9 percent “individual flat tax.” Based on descriptions from the Cain campaign website and Fiscal Associates, the firm that analyzed the proposal for the Cain campaign, we conclude that all three taxes are versions...
  • Accounting fore the Cost of US Health Care - Executive Summary

    09/10/2011 5:37:44 AM PDT · by M. Dodge Thomas · 13 replies
    McKinsey Global Institute ^ | December, 2008 | McKinsey Global Institute
    See link for executive summary of study.
  • 2010 Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates

    02/05/2011 7:04:00 AM PST · by M. Dodge Thomas · 2 replies
    Office of Management and Budget, US Goverment ^ | 1/1/2011 | Office of Management and Budget
    The Regulatory Right-to-Know Act calls for the Office of Management and Budget (OMB) to submit to Congress each year “an accounting statement and associated report” including: (A) an estimate of the total annual benefits and costs (including quantifiable and nonquantifiable effects) of Federal rules and paperwork, to the extent feasible: (1) in the aggregate; (2) by agency and agency program; and (3) by major rule; (B) an analysis of impacts of Federal regulation on State, local, and tribal government, small business, wages, and economic growth; and (C) recommendations for reform.
  • America's Economic Malady: A Bad Case of 'Baumol's Disease'

    12/12/2010 2:48:36 AM PST · by M. Dodge Thomas · 36 replies ^ | 12/11/10 See full article from DailyFinance: | Charles Hugh Smith
    Goods-producing industries could achieve high productivity growth as labor-saving automation and supply-chain efficiencies scaled up. But jobs in nursing and teaching required the same number of person-hours with patients or students as they did in years past. In other words, labor-intensive services had far lower rates of productivity growth than did goods-producing industries. And yet salary increases in those service sectors -- education, health care, government, to name a few -- keep pace with those in industries where raises are justified by greater productivity. This difference has a consequence that few had noticed before: As gross domestic product rises due...
  • The Recession and Recovery in Perspective (Interactive Graphics)

    04/02/2010 6:44:51 AM PDT · by M. Dodge Thomas · 4 replies · 283+ views
    Federal Reserve Bank Minn. ^ | 4/2/2010 | Federal Reserve Bank Minn.
    The 2007-2009 recession is widely thought to have ended sometime last summer. How bad was this recession, and how quickly is the economy recovering? How does this recession and recovery compare to previous cycles?
  • Health Care Reform: Round 2

    04/01/2010 12:22:38 PM PDT · by M. Dodge Thomas · 202+ views
    Jow Flower Health Care Blog ^ | pril 1, 2010 | Joe Flower
    The health care reform debate is only through the first round. In a few years, as early as 2013 or 2014, we are likely to see another round, with at least as much whacked-out drama as this one. But the cry will not be, “Bring back the good old days!” The cry will be, “These costs are killing us! Do something! Now!” This next round will be entirely focused on draconian cost-cutting. The push for reform was about three things: Cost, quality, and access. Well, one out of three is not bad. The bill we got will eventually do a...
  • Colorado Springs cuts into services considered basic by

    02/01/2010 10:12:26 AM PST · by M. Dodge Thomas · 48 replies · 1,352+ views
    The Denver Post ^ | 01/31/2010 | Michael Booth
    COLORADO SPRINGS — This tax-averse city is about to learn what it looks and feels like when budget cuts slash services most Americans consider part of the urban fabric. More than a third of the streetlights in Colorado Springs will go dark Monday. The police helicopters are for sale on the Internet. The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops — dozens of police and fire positions will go unfilled. The parks department removed trash cans last week, replacing them with signs urging users to pack out their own litter. Neighbors are encouraged to bring...
  • In Health Reform, a Cancer Offers an Acid Test

    07/08/2009 3:29:41 AM PDT · by M. Dodge Thomas · 17 replies · 685+ views
    The New York times ^ | July 8, 2009 | David Leonhardt
    ... let’s talk about prostate cancer. Right now, men with the most common form can choose from at least five different courses of treatment... Some doctors swear by one treatment, others by another. But no one really knows which is best. Rigorous research has been scant. Above all, no serious study has found that the high-technology treatments do better at keeping men healthy and alive. “No therapy has been shown superior to another,” an analysis by the RAND Corporation found. Dr. Michael Rawlins, the chairman of a British medical research institute, told me, “We’re not sure how good any of...
  • Subprime lobbyists in $370m battle

    05/06/2009 9:41:44 AM PDT · by M. Dodge Thomas · 12 replies · 591+ views
    The Financial Tmes ^ | May 6 2009 | Edward Luce
    The top 25 US originators of subprime mortgages – the risky assets that sparked the global financial crisis – spent almost $370m in Washington over the past decade on lobbying and campaign donations as they tried to ward off tighter regulation of their industry, an investigation has shown... Most of the top 25 originators, most of which are now bankrupt, were either owned or heavily financed by the nation’s largest banks, including Citigroup, Goldman Sachs, Wells Fargo, JPMorgan and Bank of America. Together, they originated $1,000bn in subprime mortgages in 2005-07 – almost three-quarters of the total... The banks, which...
  • Susan Boyle - Singer - Britains Got Talent 2009 (With Lyrics) - (Just too cool for words)

    04/15/2009 8:06:31 AM PDT · by M. Dodge Thomas · 41 replies · 1,755+ views
    You Tube ^ | N/A | Susan Boyle
    This is the only "non-politcal" item I've ever posted on FR but... well... just watch it. (Rated "G")
  • Let us put markets to the service of the good society (Tories re-think conservative economic policy)

    04/14/2009 5:57:44 AM PDT · by M. Dodge Thomas · 3 replies · 411+ views
    The Financial Times ^ | Phillip Blond | Phillip Blond
    David Cameron has driven a social revolution in British Conservatism since becoming leader of the main UK opposition party in late 2005. The great fear has always been that ideas for fixing Britain’s “broken society” and delivering civic renewal would not be integrated with the party’s economic policy. But last week, George Osborne, shadow chancellor of the exchequer, signalled that the Conservatives are breaking with the neo-liberal absolutism of the past 30 years to forge a new approach to the market economy. Mr Osborne could not have been clearer; he repudiated laisser faire economics and the libertarian philosophy that licensed...
  • The Joint Operating Environment (JOE) 2008 Report (Mexico Could Experience Sudden Collapse)

    01/14/2009 8:31:27 AM PST · by M. Dodge Thomas · 19 replies · 1,488+ views ^ | 2008 | Joint Operating Environment (JOE)
    Link to .PDF of full report, search for "Mexico"
  • Asia’s revenge (International capital flows and the current crisis)

    10/09/2008 7:42:19 AM PDT · by M. Dodge Thomas · 3 replies · 359+ views ^ | Oct 8 2008 | Martin Wilf
    What confronts the world can be seen as the latest in a succession of financial crises that have struck periodically over the last 30 years. The current financial turmoil in the US and Europe affects economies that account for at least half of world output, making this upheaval more significant than all the others. Yet it is also depressingly similar, both in its origins and its results, to earlier shocks. To trace the parallels – and help in understanding how the present pressing problems can be addressed – one needs to look back to the late 1970s. Petrodollars, the foreign...
  • Stories: Talkin' 'Bout Our Generation (McCain vs. Obama in Florida)

    06/14/2008 11:12:53 AM PDT · by M. Dodge Thomas · 7 replies · 61+ views
    Financial Times ^ | June 14, 2008 | Larry Salter
    ... Florida, set in the deepest south but not entirely of it, highlights a different divide - one that might prove more important to the presidential poll this autumn. Here, the McCain-Obama battle is one between American generations, the war vet versus the enigma who looks at least a decade younger than his 46 years. The surprise of this contest is that, with Hillary Clinton out of the race, that much-discussed demographic, the baby boomer generation, has been cut out of the race. Obama is surfing a different demographic wave - Morley Winograd and Michael Hais, authors of Millennial Makeover,...