New Wal-Mart: Save Money and Live Healthier?
There is an interesting graphic from Minute Clinic’s (owned by CVS) presentation to investors. They expect a shortage of 45,000 primary care physicians by 2020 and physician supply is years away from catching up. On the demand side, the health care law is expected to add about 32 million new patients into the system. So what should we do to provide affordable and convenient health care access for all?
Dell computers has reportedly gone private. It is an interesting turn of events at Dell, once the darling of Wall Street. In a larger sense, this move to go private could be a good thing for Dell’s prospects.
Common Pool Resource Problems
This blog post is also cross-posted at http://larrydebrock.blogspot.com/
Economists are fond of pointing out the attractive welfare outcomes of the perfectly competitive model. Of course, economists also concern themselves with analyzing various forms of market failure. One easy example of a market failure is the monopoly outcome. However, it is quite possible to find market failure in industries that look like they should be competitive but somehow end up with less than stellar welfare outcomes.
Retail Clinics: Bad for Health care?
With rising health care costs, retail clinics, typically staffed by nurse practitioners, have increased in popularity (about 6 million visitors in 2009) due to easier access. These clinics are usually located in convenient locations and patients can visit these clinics after hours. Most importantly, these retail clinics are significantly cheaper than regular primary care physician visits. Most patients visit these clinics for simple acute conditions and these clinics are usually appropriate (and cost efficient) for diagnosing these ailments rather than visiting larger hospitals. Interestingly, a new RAND study of health insurance records, finds that these retail clinic visits reduce visiting primary care for subsequent acute new conditions by about 27% and that continuity of care is hampered leaving some health experts worried.
Life's Cruel Irony: Google Wins USA Today's Print Advertisement Prize
Google Creative Labs won the first prize in a contest to encourage creativity in print advertising. The prize was $1 million worth of full-page ad space in USA Today, the organizer of the contest. Among other things, Google Creative Labs is known for Google News, a free online aggregator of news. Interestingly, Google out-earned the entire newspaper industry in 2011.