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...savvy that modern Hollywood artisans are so very good at. In other words, an action film like The Dark Knight. In other words, a Pixar feature like WALL-E. If today's announcement did anything concrete, it certified a Big Picture nomination for Pixar's Up and maybe - I mean, why not? - Star Trek. Wouldn't it be nice to wake up on Oscar-nomination morning and hear, for once, "And the nominees for Best Picture are ... movies you've seen"? (See the top 10 movies...
...Teasing the meaning out of such changes is what Fed watchers do - they're sort of like Kremlinologists before the fall of the Soviet Union. UniCredit economist Harm Bandholz interpreted the new wording to mean that the FOMC had decided that "the deflation threat is gone...
...course, this research is just the first step of many - including analyses of adult patients and larger study groups - but if these promising results can be replicated, it could mean a dramatic improvement in patient care and a reduction in medical costs. To hasten the process, Kentsis and his colleagues are already planning further studies within the next year...
...Still, those savings could mean the difference between national solvency and fiscal catastrophe, so Obama is targeting two major barriers to data-driven medicine. The first is the perverse "fee-for-service" incentives that now plague our health-care system: hospitals get paid more if you stay longer and come back often; doctors get paid more if they do more tests and procedures - and you come back often. More services, more fees. "You've got to follow the money," says former Senator Tom Daschle, Obama's initial choice for health czar. "We reward volume, so that's what...
...quality incentives are fairly straightforward, like extra dollars for primary care, prevention and computerization; to discourage wasteful defensive medicine, he seems willing to limit malpractice lawsuits when doctors stick to best practices. But ultimately, rewarding quality rather than quantity will require daunting changes in Medicare reimbursement policies. That could mean lower patient costs and higher provider revenues for proven treatments, but when patients want more expensive options unsupported by data, they may have to pay the difference themselves...