Bayesian Investor Blog

Ramblings of a somewhat libertarian stock market speculator

Doctor/Hospital ratings

Posted by Peter on October 14, 2010
Posted in: Health, U.S. Politics.

Despite strong opposition, a little progress is being made at informing consumers about medical quality and prices.

Healthcare Blue Book has some info about normal prices for standard procedures.

Healthgrades has some information about which hospitals produce the best outcomes (although more of the site seems devoted to patient ratings of doctors, which probably don’t make much distinction between rudeness and killing the patient).

Insurers are trying to create rating systems, but reports are vague about what they’re rating.

One objection to ratings is that

such measures can be wrong more than 25 percent of the time

A 25 percent error rate sounds like a valuable improvement over the current near-blind guesses that consumers currently make. Does anyone think that info such as years of experience, university attended, or ability to make reassuring rhetoric produces an error rate in as low as 25 percent? Do medical malpractice suits catch the majority of poor doctors without targeting many good ones? (There are some complications due to some insurers wanting to combine quality of outcome ratings with cost ratings – those ought to be available separately). Are there better ways of evaluating which doctors produce healthy results that haven’t been publicized?

More likely, doctors want us to believe that we should just trust them rather than try to evaluate their quality. I might consider that if I could see that the profession was aggressively expelling those who make simple, deadly mistakes such as failing to wash their hands between touching patients.

Posts navigation

← Choke
Switch →
  • Recent Posts

    • The Ageless Brain
    • AI 2027 Thoughts
    • Should AIs be Encouraged to Cooperate?
    • Rain of Tariffs
    • Notes from the TRIIM-X Clinical Trial
    • AI Markets on Manifold
    • Retrospective on my Investing Advice
    • Medical Windfall Prizes
  • Recent Comments

    • The Ageless Brain | Bayesian Investor Blog on The End of Alzheimer’s
    • AI 2027 Thoughts | Bayesian Investor Blog on AI Fire Alarm Scenarios
    • Notes from the TRIIM-X Clinical Trial | Bayesian Investor Blog on True Age
    • Bruce Smith on Retrospective on my Investing Advice
    • Retrospective on my Investing Advice | Bayesian Investor Blog on Advice for Buy-and-Hold Investors
  • Tags

    aging amm autism best posts bias brain bubbles CFAR climate communication skills consciousness covid diet effective altruism empires equality ethics evolution existential risks genetics happiness history honesty industrial revolution information economics IQ kelvinism law macroeconomics meditation mind uploading MIRI neuroscience prediction markets prizes psychology rationality relationships risks seasteading status stock market crash transhumanism war willpower
  • Categories

    • Announcements [B] (6)
    • Book Reviews (281)
    • Economics (183)
      • Idea Futures (44)
      • Investing (82)
    • Life, the Universe, and Everything (153)
      • Fermi Paradox (6)
      • Health (111)
      • Humor (11)
    • Movies (2)
    • Politics (196)
      • China (18)
      • Freedom (19)
      • Mideast (14)
      • U.S. Politics (79)
    • Science and Technology (257)
      • Artificial Intelligence (89)
      • Miscellaneous (20)
      • Molecular Assemblers (Advanced Nanotech) (16)
      • The Flynn Effect (16)
      • The Human Mind (111)
      • Virtual Worlds (4)
    • Uncategorized (14)
Proudly powered by WordPress Theme: Parament by Automattic.