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Human Health Behavior and COVID-19 Thoughts
Courtesy: www.CertifiedMedicalPlanner.org
Here are 3 theories and 1 “rule” for the healthcare industrial complex that may help explain how the sector may not work correctly; from trauma, to epidemiology and to Corona; all the time.
1 – Berkson’s Paradox: Strong correlations can fall apart when combined with a larger population.
For example, among motorcycle crash victims wearing helmets are more likely to be seriously injured than those not wearing helmets. But, that’s because most crash victims saved by helmets did not need to become hospital patients, and those without helmets are more likely to die before becoming a hospital patient.
2 – Group Attribution Error: Incorrectly assuming that the views of a group member, like a physician, reflect those of the whole group in a different discipline.
3 – Baader-Meinhof Phenomenon: Noticing an idea or word every where you look as soon as it’s brought to your attention in a way that makes you overestimate its prevalence.
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LINK:
The 90-9-1 Rule: In social media networks, 90% of users just read content, 9% of users contribute a little content, and 1% of users contribute almost all the content.
QUERY: Does Social Media really give a false impression of what ideas are popular or “average.”
THINK: Corona Virus?
ASSESSMENT: Your thoughts and comments are appreciated.
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TEXTS FOR PHYSICIAN EXECUTIVES:
THANK YOU
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Filed under: Health Economics, Health Insurance, Healthcare Finance, iMBA, Inc., Quality Initiatives | Tagged: Baader-Meinhof Phenomenon, Berkson’s Paradox:, corona virus, Group Attribution Error, The 90-9-1 Rule |
Average Out-of-Pocket Costs for COVID-19 Could Exceed $1,300
Kaiser Family Foundation recently released an issue brief on pneumonia hospital costs as a way to estimate potential COVID-19 treatment costs. Here are some key findings from the report:
• Pneumonia admissions with major complications/comorbidities cost $20,292 on average.
• Pneumonia admissions with complications and comorbidities cost $13,767 on average.
• The average inpatient hospital cost for a pneumonia patient with no complications is $9,763.
• Average out-of-pocket costs could exceed $1,300 for all admitted patients.
Source: Kaiser Family Foundation, March 16, 2020
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1 in 3 Americans Worry They Won’t Be Able to Afford Coronavirus Treatment
Kaiser Family Foundation recently released a poll on attitudes toward the coronavirus pandemic. Here are some key findings from the report:
• 53% of Americans are worried they will lose income due to a workplace closure or reduced hours.
• 4 in 10 worry they will put themselves at risk because they can’t afford to stay home from work.
• 62% worry that they or someone in their family will get sick.
• 1 in 3 (36%) worry that they won’t be able to afford testing or treatment if they need it.
Source: Kaiser Family Foundation, March 17, 2020
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