*Event has been canceled Stuart Russell, UC Berkeley March 11, 2020 11am – 1pm UCLA Ackerman Grand Ballroom Stuart Russell received his B.A. in physics from Oxford University in 1982 […]
"Hospital Productivity and the Misallocation of Healthcare Inputs"
Abstract: There is growing evidence for wide variation in total factor productivity across hospitals, with large differences in risk-adjusted health outcomes as well as expenditures. In this paper, we consider the additional contribution of misallocation in input choices – the underuse of effective inputs and overuse of ineffective ones -- to explain why some hospitals get better outcomes at lower cost. The sample is of 1.7 million patients in the Medicare fee-for-service population with acute myocardial infarction (AMI), or heart attacks, during 2007-17. The problem of confounding health factors is addressed in several ways, including the use of tourists, whose assignment to hospitals resembles random assignment (Doyle, 2011), and ZIP-code fixed effects. Briefly, we find strong evidence for input misallocation across hospitals; greater use of highly effective inputs, such as beta blocker, statin, and ACE/ARB drug treatments, primary care support, and stenting are predictive of highly-productive hospitals, while an excess of multiple physicians, scans, and potentially fraudulent excess home health care billings are predictive of low-productivity hospitals.
Co-Sponsored with the Dept. of Economics
Race, Millennials and Wealth in the Aftermath of the Great Recession
Abstract: As America becomes more plural, it is critical to view race as a pillar and not just an issue in our economy. Despite the narrative that with hard work, resilience, grit, and personal responsibility – people can pull themselves up, and achieve economic success; high achieving black Americans, as measured by education, still exhibit large economic and health disparities relative to their white peers, especially in the domain of wealth. This may be worsening, in the aftermath of the great recession, the homeownership gap for young adult black Millennials is larger than any other generation in over 100 years. This talk will examine these issues, and present a political economy and policy apparatus that can bring about a racially and economically inclusive America.
*Co-sponsored with the Center for the Study of Racism, Social Justice & Health
*Event has been canceled Stuart Russell, UC Berkeley March 11, 2020 11am – 1pm UCLA Ackerman Grand Ballroom Stuart Russell received his B.A. in physics from Oxford University in 1982 […]
"Hospital Productivity and the Misallocation of Healthcare Inputs"
Abstract: There is growing evidence for wide variation in total factor productivity across hospitals, with large differences in risk-adjusted health outcomes as well as expenditures. In this paper, we consider the additional contribution of misallocation in input choices – the underuse of effective inputs and overuse of ineffective ones -- to explain why some hospitals get better outcomes at lower cost. The sample is of 1.7 million patients in the Medicare fee-for-service population with acute myocardial infarction (AMI), or heart attacks, during 2007-17. The problem of confounding health factors is addressed in several ways, including the use of tourists, whose assignment to hospitals resembles random assignment (Doyle, 2011), and ZIP-code fixed effects. Briefly, we find strong evidence for input misallocation across hospitals; greater use of highly effective inputs, such as beta blocker, statin, and ACE/ARB drug treatments, primary care support, and stenting are predictive of highly-productive hospitals, while an excess of multiple physicians, scans, and potentially fraudulent excess home health care billings are predictive of low-productivity hospitals.
Co-Sponsored with the Dept. of Economics
Race, Millennials and Wealth in the Aftermath of the Great Recession
Abstract: As America becomes more plural, it is critical to view race as a pillar and not just an issue in our economy. Despite the narrative that with hard work, resilience, grit, and personal responsibility – people can pull themselves up, and achieve economic success; high achieving black Americans, as measured by education, still exhibit large economic and health disparities relative to their white peers, especially in the domain of wealth. This may be worsening, in the aftermath of the great recession, the homeownership gap for young adult black Millennials is larger than any other generation in over 100 years. This talk will examine these issues, and present a political economy and policy apparatus that can bring about a racially and economically inclusive America.
*Co-sponsored with the Center for the Study of Racism, Social Justice & Health
