I’ve been all over The Incidental Economist lately, and it’s really hard not to link to every one of their posts that I can make heads or tails of. They’re really prolific by my standards, though, which means it’s a struggle to keep their posts from falling off the 30-day cut-off in Google Reader.
- Simply put: Marginal cost/benefit – "You’ll consume as much health care as you think worth it for the transaction price (your copayment if you’re insured). The lower the price, the more you’ll consume. You’ll keep using health services until the marginal benefit falls below the price you pay."
I'm not sure I agree that people will keep gobbling and gobbling up health care, but I definitely understand that people will use more if it's cheaper.
- Student drowning in debt needs professional help – I think my brain stopped working when I saw the mortgage payment of $1900 a month. That's… what? A $350,000 house? Fer skerious. That’s a whole lotta house. Continue reading Weekly Linkage: Healthcare, Midnight Deployments, and Markov Chaining