Friday, December 18, 2009

Atul Gawande thinks the most important parts of the health-care bill might be the small parts:

Almost half of it is devoted to programs that would test various ways to curb costs and increase quality. The bill is a hodgepodge. And it should be.

The bill tests, for instance, a number of ways that federal insurers could pay for care. Medicare and Medicaid currently pay clinicians the same amount regardless of results. But there is a pilot program to increase payments for doctors who deliver high-quality care at lower cost, while reducing payments for those who deliver low-quality care at higher cost. There’s a program that would pay bonuses to hospitals that improve patient results after heart failure, pneumonia, and surgery. There’s a program that would impose financial penalties on institutions with high rates of infections transmitted by health-care workers. Still another would test a system of penalties and rewards scaled to the quality of home health and rehabilitation care.
He says health care is so complex, that in order to get a handle on it we need to first experiment on a small scale with a bunch of different ideas, and that a similar idea revolutionized agriculture. It's a good read, but I'm not sure I buy it.

Monday, December 7, 2009

A year ago, Neel Kashkari was working himself to death at the Treasury Department, in charge of a $700 billion bailout. Now, he's building a shed:

"I had to do something with my hands. It's a big amorphous unknown -- what's going to happen to our economy. And the shed is solid, measurable. I can see it, I can touch it. It's going to be around for the next 30 years. It's the opposite of amorphous."
He has a new perspective now:

"This makes $700 billion seem small."