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Chipotle’s Wisdom

The marketing people at Chipotle Mexican Grill have a new promotional idea called “cultivating thought.” They invited selected authors to write something designed to be read in two minutes. These...

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Why Are Canadian Drugs Cheaper?

Dr. Michael Kirsch, a practicing physician and newspaper columnist, has lamented that there are questions he can never answer satisfactorily for his patients. Like many doctors, Kirsch doesn’t like...

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Do We Need Price Controls to Stop Exorbitant Hospital Fees?

After the birth of my (David’s) first child, my wife and I noticed we were being billed for a very expensive bedpan and box of tissues that we had never used. We challenged the charges and were told...

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Why Are Insurance Companies Reluctant To Cover Preventive Care?

Dr. Michael Kirsch, a practicing physician and newspaper columnist, has lamented that he can never answer certain questions satisfactorily for his patients. Like many doctors, Kirsch doesn’t like...

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U.S. Health Care Costs versus Health Outcomes

Dr. Michael Kirsch, a practicing physician and newspaper columnist, has lamented that he has difficulty answering questions about the economics of health care. Our responses to his first three...

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Cryptic Medical Bills And Health Insurance

Dr. Michael Kirsch, a practicing physician and newspaper columnist, has lamented that he has difficulty answering a number of his patients’ questions. Our continuing series offers responses to these...

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Skin in the Game of Health Care

We have been writing a series of columns on the economics of health care based on questions that Dr. Michael Kirsch, practicing physician and newspaper columnist, has lamented that he can never answer...

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Why Do Physicians Permit, If Not Encourage, Futile Medical Care?

The economics of health care are the awkward combination of cost and caring. We’ve been helping Michael Kirsch, a practicing physician and newspaper columnist, to answer some of his patients’ most...

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How Can We Make Medical Insurance Affordable?

This is our final column about the economics of health care based on the challenging questions that physician and journalist Michael Kirsch has found he can’t answer satisfactorily for his patients....

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Appreciating Donor Advised Funds

Americans give over $300 billion to charity annually. One of the best tools developed over the past few decades to help facilitate this generosity is the rise of Donor Advised Funds (DAFs). The first...

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Five Lessons from the Whiskey Rebellion

Citizens are more willing to support tax increases when they believe someone else will be paying them, especially if they think that someone deserves it. Consequently, when looking for sources of...

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The Luck of the Lottery

Most forms of gambling are illegal at the federal level. Others are illegal at the state level. The FBI frequently busts participants of cyber casinos and foreign lotteries. In most places, both...

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Do New Healthcare Plans Cost More?

The country just finished the midterm elections. Open enrollment for the Affordable Care Act (ACA) begins on November 15. The powers that be pushed it back this year so it would happen after the...

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We Need a Partial Shutdown of Government

The day after Republicans took control of the Senate, they demonstrated how out of touch they are with the voters who put them there. Mitch McConnell, the incoming Senate majority leader, promised,...

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The Economics of a Thanksgiving Turkey

Turkeys have always been an interesting study for economics. Because of the consistency of their demand in America, the price of a Thanksgiving turkey can be used as an indicator of inflation. Since...

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How To Buy A College Degree

In 2013, President Obama proposed the three-part “President Obama’s Plan for Making College Affordable, a better bargain for the middle class.” The first part of Obama’s plan is to pay colleges for...

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How Not to Promote College Innovation

In 2013, President Obama declared, “We’ve got a crisis in terms of college affordability and student debt.” He recommended the three-part “President Obama’s Plan for Making College Affordable, a...

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Contact Lens Regulations Cost Consumers Billions

Like many mundane regulations, those associated with selling prescription contact lenses cost consumers dearly. For 20 years, David visited an old-school ophthalmologist who did his own exams and sold...

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Obama Acts Like a Mob Boss, But There Is a Solution

A mob boss exercises absolute control over his many followers and profits from the often criminal activities of his organization. He communicates to his subordinates what he wants to happen. Often he...

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The Delirious Happiness of Free Market Choice

In 2007, Malcolm Gladwell, author of “Blink” and “The Tipping Point,” gave a TED talk on psychophysicist Howard Moskowitz. According to Gladwell, Moskowitz has “done as much to make Americans happy as...

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