ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax


"This is very kind-hearted, but it is not cost-effective"
It's not cost-effective in terms of longevity. But just as Bailey himself reports, David Meltzer warns that the "quality of life must be included in the calculations of net benefits and costs stemming from medical interventions."
I think targeting heart diseases and cancer still has tremendous benefits at the margin in terms of quality of life improvements.
Was Olshansky referring to mere life expectancy or QALY?
Give the money back to the people. There is no market failure to fix here. People value their lives and their health. Drug companies know this and are pouring billions upon billions of dollars into research trying to meet those demands.
Hmm - not sure about this.
It is the standard spiel in public health and community medicine and has led to vast amounts of nothing much research.
The known effective preventive things are simple and everyone already knows them (don't smoke, don't drink too much alcohol, don't be sedentary, stay slim, treat high blood pressure etc).
Search for further preventive ideas has been pretty fruitless - a lot of commonly given current advice is very speculative indeed (it takes decades to be sure that preventive ideas really are effective).
So - I would say the cost effectiveness argument of prevention as a general strategy is unproven.
Also, much of medicine is and ought to be alleviating suffering and improving function. That's very important - probably more important than marginal life extension using nasty treatments like chemotherapy and radiotherapy.
We say the socialized health insurance is involuntary. I choose to say it has a very long update cycle.
However we thnk of it, any large progam affecting the entire population with a long update cycle will cause harm. In this case, if we saddle the young with huge payments for mom and pop's helath care, then we drop fertility rates. Regression analysis of socialized health care across industrial nations shows the connecion.
I pose the problem this way: Does granddad want three grandchildren and live to 71, or does granddad want two grandchildren and live to 75?
"Even if all cancer, all heart disease and all diabetes were eliminated, it would add only 3 more years to average life expectancy in the United States." How did Olshansky come up with this number? It really looks suspicious to me. Is this simply an average age at death from some causes vs. others? In that case it is obiously wrong... (if childhood deseases would kill many, it would follow that eliminating the big three above would actually *shorten* the average life span!) How else could he have come up with '3 years' estimate?