Tag: opportunity cost

Last month, the news was flooded (well, mildly soaked at least) with claims that the NHS is paying too much for drugs. My favourite headline was from the Telegraph, which claimed that researchers thought the ‘NHS should stop buying drugs …

Drug prices, lost opportunities, and the real cost of healthcare Read More »

Tagged with: , , , , ,

Health systems do not have endless amounts of money, endless numbers of clinicians, or an infinite number of beds. In other words, they have constrained resources. When we have constrained resources, we have to choose what to use those resources …

Opportunity cost Read More »

Tagged with: , ,

They proved that if you quit smoking, it will prolong your life. What they haven’t proved is that a prolonged life is a good thing. I haven’t seen the stats on that yet. (Bill Hicks, Dark Poet, 1991) So, you’re …

Is it worth living? Bill Hicks and smoking cessation Read More »

Tagged with: ,