Source: US News, February 24, 2009 The brain’s pain centers are activated when a person needs to pay each thing by itself. George Loewenstein says that when everything is in a package, people are not forced to think about the money they are spending as much, so those pain centers are not activated and they are able to relax more.
Sources: Wall Street Journal, February 12, 2009; Associated Press, September 10, 2009; Bloomberg, February 11, 2009; USA Today, February 11, 2009; Science News; WebMD, February 11, 2009; Reuters, February 11, 2009; US News & World Report, February 12, 2009; BBC News, February 11, 2009; WSJ Health Blog, february 11, 2009; Los Angeles Times, February 16, 2009; Scientific American, February 11, 2009; Irish Times, February 11, 2009. Also, Listen to a BBC Radio interview about this study with Dr. Kevin Volpp, the study’s lead author, by clicking on this link:podcast. A large-scale study published in the February 12, 2009 New England Journal of Medicine showed that an incentive worth up to $750 resulted in a tripling in…
Sources: Washington Post, January 12, 2009; USA Today, January 12, 2009; Forbes, January 12, 2009. The study was cited by Senator Patty Murray at the VA Secretary Senate Confirmation hearing on January 14, 2009, CSPAN. Jalpa Doshi, PhD and a team which included three other CHIBE researchers published results in the journal Circulation on a quasi-experimental study comparing lipid-lowering medication adherence in patients before and after the 2002 copayment increase at the Philadelphia VA Medical Center.
Source: New York Times, Pittsburgh Post-Gazette, US News and World Report, Wall Street Journal and the Los Angeles Times (See interviews by Good Morning America, December 10, 2008; medpagetoday, December 9, 2008; and ABC Radio National, Australia, February 2, 2009). Coverage continues on this hot topic (New York Times, February 5, 2009, ABC Philadelphia, April 1, 2009 New research conducted by a team of researchers from LDI CHIBE is featured in stories that aired on more than 130 CBS, ABC, NCB and Fox News affiliates across the country, including New York, Washington, D.C., Philadelphia, Boston, Detroit and Las Vegas as well as on Good Morning America. The team, led by Kevin Volpp, MD, PhD, and George…
Source: Journal of Health Economics, December, 2008 Mark Pauly and doctoral student Fredric Blavin explore how the use of evidence based medicine and cost-effectiveness analysis can add useful insight to the classical moral hazard framework in the optimal design of insurance.
Source: Wall Street Journal, October 9, 2008 A Wall Street Journal article about ‘spendthrifts’ and ‘tightwads’ profiles work done by affiliated faculty Scott Rick, PhD and George Loewenstein, PhD.
Source: ACP Internist, May, 2008 George Loewenstein, PhD; Stephen Kimmel, MD; Scott Halpern, MD, PhD; and Kevin Volpp, MD, PhD weigh in on incentives.