Investors often refer to Black Swan events; those totally unexpected, unpredictable, events that appear very rarely, but can completely change a situation. The coronavirus may appear to be one of those events. But we have endured pandemics before, particularly of influenza, and public health experts have warned us repeatedly that they will recur in the future. The real Black Swan of the coronavirus epidemic is our reaction. Who would have imagined that our so-called leaders would have allowed themselves to be stampeded by a frantic and sensationalizing media into completely shutting down economic and social activity. This is unprecedented and frightening in its implications and we will have to take action as societies to ensure that it can’t happen again. I have written before about the literature and study of mass hysteria, delusions and panic. We know these things can happen, so we need to protect ourselves by creating mechanisms to ensure that they don’t. And we need to get ourselves out of this one as fast as we can.
✅ Subscribe via Email
About this Blog
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at [email protected].
Healthy Skeptic Podcast
This is an outstanding report on total global drug spending and trends, with projections out to 2025. It helps you understand this important area of health care, which does much...
June 1, 2021
MedPAC 2019 Report to Congress
June 18, 2019
In an attempt to swiftly revive two floundering health care companies, a PE firm has announced the merger and recapitalization of Revive Health and SwiftMD. You know they are...
January 30, 2023
Investors have not yet learned their lesson, as Pearl Health gathers a new round of $75 million in capital for its business of supporting physicians who want to participate in...
January 30, 2023
Now here is a tale from the glory days of epidemic investing, as the Feds pumped trillions into the economy and a lot of it went to investing, some to...
January 10, 2023
Access ACO Care Management Chronic Disease Comparative Effectiveness Consumer Directed Health Consumers Devices Disease Management Drugs EHRs Elder Care End-of-Life Care FDA Financings Genomics Government Health Care Costs Health Care Quality Health Care Reform Health Insurance Health Insurance Exchange HIT HomeCare Hospital Hospital Readmissions Legislation M&A Malpractice Meaningful Use Medicaid Medical Care Medicare Medicare Advantage Mobile Pay For Performance Pharmaceutical Physicians Providers Regulation Repealing Reform Telehealth Telemedicine Wellness and Prevention Workplace