Category: Drug Prices & Regulations
AI Practicing Medicine
Former FDA Commissioner Scott Gottlieb:
Artificial intelligence has the potential to help solve some of the most frustrating problems in health care. Clinicians may use it to stratify patients more precisely according to their personal risk and to identify increasingly tailored treatments that simultaneously account for a patient’s clinical history, genomic profile, and phenotypic characteristics. The combination of statistics and weighted observations in a neural network can be highly predictive. This is true even though each output for an individual patient is likely to differ from any other patient in a validation model, and even though the variables, when taken individually, are not likely to be nearly as predictive.
Friday Links
- Could redistribution of income make people healthier? Evidence that the answer is “yes.”
- 330 COVID-19 articles in science journals have been retracted.
- NYC to help patients compare hospital costs. (NYT)
- More from Graboyes on sterilization.
- Steve Moore to Congress: ESG is harmful to retirees.
- Merck sues over IRA drug price negotiation: It’s an unconstitutional “taking” and it also “compels speech.”
Thursday Links
- AEI: Return the savings from site neutral payments to the hospitals. It’s called taking from the rich and then giving back to the rich.
- Where are we on the status of (legally) importing drugs from Canada? We’re getting close.
- Update on hospital price transparency: “The widescale noncompliance of 75.5% of hospitals is due to most hospitals’ files being incomplete, illegible, or not having prices clearly associated with both payer and plan.”
- A new model for cell and gene therapies: Medicaid pays only if they work.
- AI Quote of the week:
So far I have explained why four of the five most often proposed risks of AI are not actually real – AI will not come to life and kill us, AI will not ruin our society, AI will not cause mass unemployment, and AI will not cause an ruinous increase in inequality. But now let’s address the fifth, the one I actually agree with: AI will make it easier for bad people to do bad things.