Health Care Thoughts: Recommending Brad Delong: When he is not snarking up a storm on his blog or educating Berkeley's young skulls full of mush Brad does some solid academic work. In concert with Prof. Ann Marie Marciarille (Mrs. Delong if I remember correctly) Delong has posted an interesting piece to SSRN, entitled "Bending the Health Cost Curve: The Promise and the Peril of the IPAB'. the article explores the promise and perils of the Independent Payment Advisory Board (IPAB), a major feature of PPACA.
This is a balanced piece with a lot of good background information.
Having been involved in the policy and details of Medicare and Medicaid reimbursement since the late 70s I am more skeptical of technocrats and bureaucrats, but I do see potential, and do see the need. (I also intend to write something about the technical aspects of Medicare reimbursement, but several editors are whipping me now so pleasure work will have to wait). If you have any interest in health care policy and operations, read the Delong piece, well worth the time.
Much appreciated. It seemed to us that we knew things that people did not seem to know that were absolutely crucial to understanding whether and how the cost-control and efficiency-enhancing pieces of the Affordable Care Act will work (if they are allowed to work), and that we should write it down.