Archive for March, 2013

Keywords for health care (finance) system reform

March 31, 2013

I am not sure how this blog is indexed by search engines, so these are some keywords that are particularly relevant to my work on health care (finance) system reform:

Average Cost Based Reimbursement Systems

Professional Caregiver Insurance Risk

Standard Errors

Efficient Statistics

Parameter Estimation

Unbiased Statistics

Health Care

Health Care Finance

Probability Theory

Actuary

Actuarial

Ratemaking

Reserving

Surplus

Policyholder Benefits

Maximum Sustainable Benefits

Insurance

Insurer

Risk Assuming Health Care Provider

Capitation

Prospective Payment Systems

Diagnosis Related Groups

Diagnosis Related Group

DRG

DRGs

PCIR

ACBRP

Mathematics

Risk Theory

Solvency

Insolvency

Bankruptcy

Policyholder Surplus

Stockholder Surplus

Ethics

Law

Ethical

Denial of Service

Delayed Diagnosis

Deferred Diagnosis

Denial of Care

Risk Management

Risk Theory

Health Care Risk Management

Enterprise Risk Management

Consultant

Social Worker

Registered Nurse

Mathematician

Statistician

Chartered Property Casualty Underwriter

Reinsurance

Reinsurer

Insurer Efficiency

Standard Errors: Our Failing Health Care (Finance) Systems And How To Fix Them

March 26, 2013

There is a new version of my book on health care finance reform.

Well actually it has been available for a while but I have neglected this blog. So not only is there a new version of the book, as of September, 2012, but there was also a brand new website…

To go directly to purchase a copy of Standard Errors: Our Failing Health Care (Finance) Systems And How To Fix Them you can use this link:

Buy Standard Errors/

If you want to visit the site, you can go to:

http://www.standarderrors.org/

If you would like a copy of my dissertation, you can get it at:

Risk induced professional caregiver despair: A unitary appreciative inquiry/

My working papers, well those that have found their way to the website, can be reached through:
http://www.standarderrors.org/pcir_working_papers

If you think that capitation, the Medicare/Medicaid Prospective Payment Systems for hospitals, physicians, nursing homes and home health agencies are bad, but do not wuite understand how bad, or why they are bad,

Standard Errors: Our Failing Health Care (Finance) Systems And How To Fix Them 

has the answers you are seeking.

Insurance works best when a great many policyholders all buy insurance. Insurance does not work at all if we all buy our insurance from the person living next door. Insurers need a lot of policyholders to benefit from the Central Limit Theorem.

As insurers issue more and more policies, assuming the premiums are correct for the risks being insured, the insurer’s ratio of losses to premiums will more closely approximate the population loss ratio.

As it turns out this is a really good thing because a loss ratio close to the population loss ratio means the insurer can plan for its economic liabilities and will know exactly what its losses will be before it writes the policies.

Rather than having a great deal of risk, a very, very large insurer has virtually no risk at all.