Economics is a discipline concerned with the consumption, production, and transfer of wealth by and among individuals (microeconomics) and communities or nations (macroeconomics); subspecialties range from economic development and planning to health economics and international economic relations. RAND's many economists contribute to multidisciplinary research projects by exploring the intersections where economics informs social, military, and governmental policy decisions.
Compared to their peers, children with autism spectrum disorders have higher annual costs for health care appointments and prescriptions ($3,000 on average) and non-health care costs ($17,000 on average), such as special education at school. Previous analyses underestimated this economic burden, particularly for school systems.
Some health issues, including preterm birth, unintentional injury, child obesity and certain child mental health problems, may cost less to prevent while also improving outcomes in later life.
In the Czech Republic, the former "nomenklatura cadres" are able to maintain their advantageous positions in the income hierarchy, mainly because they possess "human capital" and can effectively convert "social capital," accumulated during the communist regime, into economic capital.
Mexican migrants who have spent at least a year in the United States before returning home are less likely to have public health insurance or social security benefits, and could be more vulnerable to poverty in old age.
Most medical research focuses on fighting individual disease. But delayed aging could boost life expectancy by more than two years and yield more than $7 trillion over 50 years. Greater investment in research to delay aging could be a very efficient way to prevent disease, improve public health, and extend healthy life.
Provider responses to the Medicare inpatient rehabilitation facility prospective payment system were found to simultaneously reduce marginal reimbursement and increase average reimbursement.
Investigating if the racial/ethnic composition of Medicare Advantage plans reflect the composition of their areas of operation revealed little evidence that health plans are selectively underenrolling blacks, Latinos, or Asians to a substantial degree.
Due to volatility in healthcare costs, shared savings contracts can create systematic financial losses for payers, especially when contracting with smaller providers.
The common policies of the EU countries have paid off. For the first time, there are euro and cent calculations to prove that the transferal of policies to the EU level, and their funding through the EU, actually saves national governments money.
Medicare beneficiaries with diabetes use 2 to 3 times more brand-name drugs than a comparable group within the VA, at substantial excess cost.
States that choose not to expand Medicaid under federal health care reform will leave millions of their residents without health insurance and increase spending on the cost of treating uninsured residents, at least in the short term.
A framework derived from information economics for assessing the value of diagnostics demonstrates that the social value of such diagnostics can be very large, both by avoiding unnecessary treatment and by identifying patients who otherwise would not get treated.
Most CA hospitals have adopted financial assistance policies to provide more affordable care for the uninsured. Ninety-seven percent of hospitals say they offer free care to uninsured patients with incomes at or below the federal poverty level.
A new federal law allowing young adults to remain on their parents' medical insurance through age 25 has shielded them, their families, and hospitals from the full financial consequences of serious medical emergencies.
An investigation of the impacts of Medicare payment reform on post-acute providers found that payment reforms reducing average and marginal payments reduced entries and increased exits from the market, which may affect market structure, access to care, quality and cost of care, and patient outcomes.
Potential tax rates and revenues have been a common theme in discussions about legalizing marijuana. However, policy goals, types of taxes, and components of revenue are also important to consider.
Research at a large firm found, on average, a 10% increase in an employee's out-of-pocket premium increases the probability of dropping coverage by approximately 1%, with married workers and lower-paid workers disproportionately more likely to drop coverage.
With Medicare spending projected to increase to 24 percent of all federal spending and to equal 6 percent of the gross domestic product by 2037, policy makers are again considering ways to curb the program's spending growth.
Ongoing efforts to profile physicians on their relative cost of care have been criticized because they do not account for differences in patients' socioeconomic status (SES).
Developing a conceptual framework for estimating the value of personalized medicines shows two sources of value: a market-expansion effect, and a market-contraction effect due to discontinuation of treatment by persons unresponsive to treatment.