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Tuesday, October 16, 2012

Health Care

News                                                                                                                             
CNN Money | Seniors on Social Security squeezed by rising prices
Janis Mason is 94 and has been receiving Social Security benefits for nearly 30 years. Because she has outlived her savings, the monthly checks are her only source of income.
Bloomberg | UnitedHealth Raises Forecast on Contained Medical Costs
UnitedHealth Group Inc. (UNH), the biggest U.S. health insurer, raised its 2012 profit forecast as enrollment in its Medicare and Medicaid plans surged in the third quarter and medical costs stayed stable.

Econ Comments & Analysis                                                                                            
NBER | Does the Effect of Pollution on Infant Mortality Differ Between Developing and Developed Countries? Evidence from Mexico City
Much of what we know about the marginal effect of pollution on infant mortality is derived from developed country data. However, given the lower levels of air pollution in developed countries, these estimates may not be externally valid to the developing country context if there is a nonlinear dose relationship between pollution and mortality or if the costs of avoidance behavior differs considerably between the two contexts.

Blogs                                                                                                                             
Economist | You didn't pay for it
I recently came across a political ad which featured an elderly man telling politicians to stay away from his Medicare. After all, he paid for it, the ad suggested. That struck me as interesting.
Café Hayek | Krugman’s body count
Noting that correlation is not causation is a hallmark of the economic way of thinking. Krugman prefers not to notice.