Medical economics

Expanding Medicaid in holdout states could insure 3.9 million

(HealthDay)—Expanding Medicaid to all states could reduce the number of uninsured by 28 percent based on pre-COVID-19 data, according to a report released by the Urban Institute and the Robert Wood Johnson Foundation.

Health

Look at method used to assess state of public health system

To assess the state of the public health system in the United States, KHN, also known as Kaiser Health News, and The Associated Press analyzed data on government spending and staffing at national, state and local levels.

Diseases, Conditions, Syndromes

Russia coronavirus cases top 500,000

Russia, the country with the world's third-largest coronavirus outbreak, passed the symbolic milestone of 500,000 confirmed cases on Thursday, after the capital lifted tight lockdown restrictions this week.

Medical economics

Estimating spending on COVID-19

In a new report published by the Brookings Institution, Matthew Fiedler, a fellow in economic studies at the USC-Brookings Schaeffer Initiative for Health Policy, and Zirui Song, assistant professor of health care policy ...

Diseases, Conditions, Syndromes

Global virus cases top a million, deaths surpass 50,000

The number of confirmed coronavirus cases around the world has soared past one million and fatalities have topped 50,000 as the United States reported the highest daily death toll of any country so far.

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Consumption (economics)

Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally consumption is defined by opposition to production. But the precise definition can vary because different schools of economists define production quite differently. According to some economists, only the final purchase of goods and services constitutes consumption, and every other commercial activity is some form of production. Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. "the selection, adoption, use, disposal and recycling of goods and services").

Likewise, consumption can be measured by a variety of different metrics such as energy in energy economics . The total consumer spending in an economy is generally calculated using the consumption function, a metric devised by John Maynard Keynes, which simply takes the aggregate disposable income and multiplies it by a "marginal propensity to consume". This metric essentially defines consumption as the part of disposable income that does not go into savings. But disposable income in turn can be defined in a number of ways - e.g. to include borrowed funds or expenditures from savings.

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