Tagged: Economics

De Beers and Doctors - MacDoctor

Jim McVeagh Feb 01, 2010

De Beers, the diamond merchants, and specialists in certain disciplines are wealthy for exactly the same reasons. They both have something that is rare. It De Beer’s case, it is diamonds. In the doctor’s case it is his skills as a physician. I earn a salary way above the average for no reason other than [...] Related posts: … Read More

Much Ado About Nothing - MacDoctor

Jim McVeagh Nov 20, 2009

The Herald journalist who produced yesterday’s spam continues his story about nothing today. Now he has a nice long rant from Ian Powell of the Association of Salaried Medical Specialists (senior doctor’s union). Not that Ian has bother to check his facts either. Despite a doubling in government spending on health in the past 10 years, [...] Related posts: … Read More

Tip of the Iceberg - MacDoctor

Jim McVeagh Nov 17, 2009

Continuing on from yesterday’s post on PHO finances, I see that the Herald is running a follow up article suggesting that the wasted money in health is the “tip of the iceberg”. Maybe. But I suspect global health warming is melting it away. There is no doubt that there is excessive bureaucracy in the PHOs. Some [...] Related posts: … Read More

Take Your Hands Off My Stash - MacDoctor

Jim McVeagh Nov 16, 2009

And with the the words of Pink Floyd’s Money echoing in our ears, we comment on the the Herald’s somewhat exaggerated headline GP clinics stash reserves of $115m. While the total is correct, the word stashed has the same pejorative meaning as Pink Floyd’s version – a pile of money that someone is hoarding. This [...] Related posts: … Read More

Restraining Health Costs - MacDoctor

Jim McVeagh Nov 05, 2009

Brian Fallow provides an excellent look at the urgent need for cost containment in health and the problems this involves. He points out that rising health costs is a far bigger potential problem than superannuation. It is also far more difficult to solve as a simple shift in age eligibility would sort out most superannuation [...] Related posts: … Read More

Muddled economics ignore reality - Hot Topic

Bryan Walker Nov 04, 2009

“The analysis of the NZIER in their latest report is muddled and superficial”  Exactly. I was relieved to see this response from the Parliamentary Commissioner for the Environment, Dr. Jan Wright, to the report the NZ Institute for Economic Research has just published on sustainable development priorities. The report’s findings on climate change are a challenge [...] … Read More

ACC for FREE - MacDoctor

Jim McVeagh Oct 11, 2009

Well, maybe not. It seems like it is suddenly going to get a whole lot more expensive. Trevor Mallard seems to think that the government is fear-mongering. He, along with Brian Fallow and Rod Oram, seem to think that the ACC blowout is merely an accounting problem, a combination of accounting standards and poor investment [...] … Read More

Old Age Savings (Part 2) - MacDoctor

Jim McVeagh Oct 07, 2009

The NZ Nurses’ Organisation tells us that rest home neglect is “all too common”. While this is certainly true, I don’t accept their reasoning when it come to causes: “These two cases are a powerful illustration of the conflict between caring and profit.” No. These cases illustrate the problem of state funding of a private institution. Nursing homes [...] … Read More