Wacky Maladies in Our New Medical Billing Codes

Praised by some for its disease classification detail, others believe ICD-10 will create massive transaction costs for healthcare providers.

The Price System: Health Care

The price system is rather amazing. Please imagine for a moment that you heard a gallon of gasoline was $1.50. First you would think, “cheap!” Then you might rush to fill your tank. Or, told that a diamond ring was…

Super Sized Sodas

Given a huge tub of stale popcorn, people eat it. In a 2005 study, when 158 Philadelphia moviegoers received either 14-day old or freshly popped popcorn in a huge tub or a medium size container, those with the big bucket…

Appreciating the Market

In a recent WSJ interview, Nobel laureate Gary Becker tells us that, “Markets are tough to appreciate.” The reason, he says, is people feel government can better care for them than a profit seeking individual. Calling markets counterintuitive, Becker sees why people…