The fable of Buridan’s donkey tells of a donkey who is profoundly hungry. When put in the exact midpoint between a two identical piles of hay, the donkey was unable to choose which one it wanted and eventually dies of hunger. Ironically, if the donkey had only one and not two piles of hay to choose from, its life would have been easier (and longer). Obviously, people are smarter than Buridan’s donkey – are we? Continue reading “On Choices, Decisions, and Happiness”
In a prior post, I read Steven Brill’s story on health care hospital bills and offered a brief analysis of the “average hospital” in contrast with MD Anderson. The data show that average hospitals are low-margin organizations.
Below, I argue that although the data disagrees with the vilification of general hospitals in “Bitter Pill,” the article is spot-on in his assessment that medical bills are incredibly over-priced. Then, I offer a hypothesis on why.
Continue reading “Why Can’t Hospitals Stop Over-Billing Us? (Part 2/2)”