Healthcare Economist Unbiased Analysis of Today’s Healthcare Issues
- What has been the main impact of MFN?by Jason Shafrin on April 1, 2026 at 5:07 am
It is not bringing down US prices, but delaying launches in Europe. Reuters reports: Drug launches in EU markets fell by some 35% in the 10 months since Trump’s executive order, compared with the previous 10 months…Delaying launches at lower EU prices could help secure higher U.S. prices for longer. You can read the full…
- How did China become a global leader in life sciences?by Jason Shafrin on March 31, 2026 at 5:14 am
An NBER working paper by Barwick, Xia and Xia (2026) provides the answer: In 2010, China accounted for less than 8% of global clinical trials; by 2020, it had surpassed the US in annual registered clinical trial volume…We provide strong evidence that China’s rise was primarily driven by the National Reimbursement Drug List (NRDL) reform,…
- With AI, why do we still have radiologists?by Jason Shafrin on March 26, 2026 at 4:18 am
From Lex Fridman’s interview with Jensen Huang, CEO of NVIDIA: …the first job that computer scientists said, AI researchers said was gonna go away was radiology because computer vision was going to achieve superhuman levels…and it did. Computer vision was superhuman in 2019….maybe a little bit later, 2020. And so it’s been a long time…
- Why do U.S. physicians make so much money?by Jason Shafrin on March 25, 2026 at 12:50 am
Let’s look at some data on mean annual physician income in the U.S. compared to other countries: U.S.: $458,100 Canada: $194,700 Netherlands: $185,700 Sweden: $115,200 Why are U.S. physician incomes so much higher than other developed countries? Is it a good idea to try to drive down physician incomes? An NBER working paper by Buehler…
- The rising cost of mental illnessby Jason Shafrin on March 24, 2026 at 6:32 am
From a Mark et al. (2026) paper published in Health Affairs last week: …from 2000 through 2021, mental health and SUD nominal spending grew from $40.9 billion to $139.6 billion. Mental health and SUD accounted for 4.5 percent of all medical services spending in 2000 and 5.5 percent in 2021. Real per capita mental health and SUD spending grew…