Tag: economics

Emergency Services, Health & Insurance

Will value-based pricing be coming to the U.S.?

July 19, 2016

Via: Healthcare Economist

The answer may be yes.  One of the big inpediments to value-based pricing of pharmaceuticals was that any discount given to any single organization based on outcomes needed to be reflected in the Medicaid price.  Since outcomes are subject to random noise, there will inevitably […]

Civil Service, Health & Insurance, Public Institutions, Social Security

Quality of Life and Prospect Theory

July 12, 2016

Via: Healthcare Economist

Prospect theory states that individuals view transactions relative to a fixed reference point.  Individuals are risk averse for gains (i.e., they would prefer $10 for sure over a 50/50 of winning $0 or $20) but risk loving over losses (i.e., they […]

Health & Insurance

Discrete Choice Experiments: Best Practices

July 12, 2016

Via: Healthcare Economist

Conjoint analysis” is a broad term that can be used to describe a range of stated-preference methods that have respondents rate, rank, or choose from among a set of experimentally controlled profiles consisting of multiple attributes with varying levels. The […]