Types of uncertainty in health economic modelling

There are four primary types of uncertainty in health economic modelling: Heterogeneity: Variation between individuals that can be explained by their characteristicsStochastic uncertainty: Variation between individuals that cannot be explained by their characteristics, Parameter uncertainty: Uncertainty in the estimated values for the parameters that define the modelStructural uncertainty: Uncertainty in model outcomes that arise from…

Read More

Is Caring Productive?

That is the title of a paper by Longo et al. (2025). The authors use dynamic panel data on Adult Social Care (ASC) in the UK. What is ASC include: A quick explainer about ASC in the UK: In England, there are 152 upper-tier local authorities (LAs) who are responsible for publicly-funded ASC services. Access…

Read More

Health Insurance Cancel Culture

By MATTHEW HOLT Strap in for a dramatic tale in which our hero battles bureaucracy and logic to try to get his health insurance back. About 20 years ago lots of Americans, especially Californians who bought health insurance from Blue Shield of California, found that their coverage was cancelled without them knowing about it. That…

Read More