Healthcare data has proven to be of little value to both policy makers and to the public. Instead of data, we should monitor subjective metrics like fear and resiliency to predict the course of the pandemic.Read More
Healthcare is irrational and patients behave irrationally. Yet we continue to develop healthcare models assuming that patients are rational. Behavioral economists have already devised models to adjust for irrationality, which healthcare needs to incorporate.Read More
The fault is not in our stars, but in ourselves. In the subtle, implicit biases we continue to carry across many healthcare interactions. What may initially appear as a slight shift in perception, once repeated, soon magnifies into significant disparities.Read More
Liberty is the foundation of American culture. But liberty in healthcare often handicaps patients who are less educated about their health. Creating a paradox in which added liberties produce intellectual burdens among those most vulnerable.Read More
The vaccine has arrived and the roll-out has begun, with many of the high-risk already vaccinated. But we should remain cautious, for what will bring an end to the pandemic is not the vaccine, but consistently maintaining the social distancing parameters, despite the perception that the worst is over.Read More
While most of the world was relaxing over the holidays, we at Daily Remedy were struggling with COVID-19. And we soon learned that reporting on COVID-19 is far different than experiencing the disease firsthand.Read More
The pandemic has proven how complex the relationship between healthcare policy and economics can be. However, the mental constraints may be more impactful than the economic constraints. And to study the full impact of COVID-19, we should develop new ways to study COVID-19’s mental constraints.Read More
The vaccine roll-out is well on its way, and already the early rifts are starting to form. But the ensuing ethical debates have yet to manifest. Among them is the question of whether those previously infected need to take the vaccine. A question many remain silent on for now – which will change once the vaccines become available.Read More
The year 2020 is finally coming to an end, but the end of the pandemic seems nowhere in sight. While COVID-19 may never be truly eliminated, we might be able to control the virus well enough to return to normalcy at some point in 2021 – assuming certain variables fall in our favor.Read More
The pandemic has accelerated the adoption of consumerism principles throughout healthcare. But not everybody is adopting these principles uniformly. And the differences may affect vaccine distribution and adoption, prolonging the pandemic. But a start-up based approach of introducing the vaccine may help discover these differences earlier and improve long term adoption.Read More
American debt to exceed GDP in 2021
The United States is projected to hold about $21 trillion in debt in 2021, and that number is expected to increase to $32 trillion by 2030. A $1.9 trillion stimulus bill represents a fraction of that increase, although White House officials have also discussed trying to approve a multitrillion-dollar infrastructure package later this year. The CBO projections also assume the expiration of numerous provisions of the 2017 GOP tax law aimed at the lower and middle class by the middle of this decade.
Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, which pushes for deficit reduction, said lawmakers face a long-term challenge in getting spending and deficit levels to balance. That is not something that hinges on the precise size of Biden’s stimulus package, Goldwein said.
“Even without the $1.9 trillion [stimulus], we will be at record-high debt levels” in a few years, he said. “Realistically, it’s going to come much sooner than that.”
Source: Washington Post