Surgeon Prediction Market
Surgeons should have to make predictions about their surgical outcomes, and the actual outcomes should be described by independent evaluators. Each surgeon would then have a score indicating how good he or she is at predicting outcomes. Patients would be assessed blind, pre- and post-op.
This isn't actually a market, obviously. I'm not sure what to call it.
This isn't actually a market, obviously. I'm not sure what to call it.
posted by Winston Smith at
2:16 PM
2 Comments:
I think that's just good old fashioned auditing.
But it would be interesting if you had surgeons stake money on the outcome (instead of an insurance scheme), making it a sort of options market. I, gambling surgeon, put down $n. If the surgery brings about the outcome I believe will happen, I get billed $n*m. Otherwise, you can keep the initial stake. Obviously everything is independently evaluated. It might alleviate the need for malpractice law, which is a huge driver of medical cost, provided the bet is efficiently priced.
Anything to put lawyers out of work.
Let's do the same with contractors. If they miss their deadline, the total price comes down. I suppose there's nothing stopping homeowners from asking for a clause like this.
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