Relevant and even prescient commentary on news, politics and the economy.

Coronavirus dashboard for December 29: a final look back at the pandemic disaster in 2020

Coronavirus dashboard for December 29: a final look back at the pandemic disaster in 2020 US confirmed cases: 19,132,726*Average cases last 7 days: 184,005Total US deaths: 333,118Average deaths last 7 days: 2,207  Total vaccinated: 2,127,143 (per CDC via Bloomberg) *Because many asymptomatic people probably never get tests, actual cases are probably more like 26 million, […]

Status quo bias and vaccine supplies

Here is a simple thought experiment on the use of scarce vaccine supplies. Suppose that we had tested the Pfizer/Moderna vaccines with one dose per person and discovered that they were 85% effective at preventing covid-19. However, due to an administrative error, we gave some people two doses, and when we analyzed the data it […]

Rolling Out the Vaccine

Rolling Out the Vaccine  This morning’s (Dec. 25) New York Times offers a panel discussion on the question of who should get vaccinated against Covid first.  Broadly speaking, they take a utilitarian position: it’s interesting that none disagreed with the positions taken by panelist Peter Singer, the world’s most prominent utilitarian philosopher.  And I wouldn’t either, except […]

Yes, let’s vaccinate twice as many people against covid-19

I am very sympathetic to Robert Waldmann’s argument that we should give twice as many people one dose of the new Pfizer/Moderna vaccines, at least until supply constraints are eased, instead of following the FDA approved vaccination protocol and giving everyone two doses right from the beginning. What follows is a rough way of thinking […]

A Look at Drug Pricing 2020, Costs, and Why – “Redux”

I had written on the high cost of pharmaceuticals late 2019, “Another Look at Drug Pricing, Costs, and Why” citing from the World Health Organization, the ICER, JAMA Network, Health Affairs, and my own posts (links below and in text). You will find the some of the same articles cited in new commentary of increased […]

SCOTUS: States Can Regulate Insurance Plan Contractors

While briefly discussing (accessible link below for addition information) this decision, keep in mind this is a big deal in lowering the costs of pharmaceuticals as it goes right to the source of some of the excess takings involved in the distribution of drugs from manufacturer to drug stores. December 10, 2020: the Supreme Court […]

Liveblogging the FDA hearing on the Moderna Covid 19 vaccine

So Far the efficacy data has been presented. As reported in the press earlier, the vaccine is roughly 95% effective, that is roughly 95% of people who got Covid 19 during the trial were participants who received the placebo. Importantly, the null hypothesis that just one dose is just as good as two was not […]

Covid update

I seem to be through the worst of it. My fever is down and my cough is subsiding. If I hadn’t gotten a covid test I would have thought I had a moderately bad cold. With a bit of luck, it’s all over except the quarantine. Thanks to everyone for their good wishes.