Forbes January 12, 2020
As was noted last year, crystal ball gazing is a perilous activity in this unpredictable world of ours. No-one can say with any degree of certainty how international conflicts will unfold, what will happen politically, and whether the economy will plunge into recession.
Generally, as a social science, economics has poor predictive power. And, economists have the usual suspects to blame; exogenous shocks to economic systems and irrational behavior.
But, 2020 is here. And, inevitably questions crop up about what health economists predict will happen in 2020; with prescription drug prices, the overall healthcare market, and the political realm which invariably has influence on all things healthcare.
On drug prices, a wait-and-see approach is warranted as there’s been far more...
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