We need to reexamine the financial health of our healthcare system and the enormous medical debt burden it places on upwards of 100 million Americans and our government. Rising pharmaceutical prices, expansion of the Medicare Advantage system that now costs more than traditional Medicare, and shortages of life-saving generics due to their low profitability compared to on-patent drugs are just a few of the trends driving this crisis.

In the 1987 movie “Wall Street,” Gordon Gekko said, “The point is, ladies and gentlemen, that greed – for lack of a better word – is good.”

Not in healthcare. Too many people lack quality care, and clinicians burn out while healthcare companies reap huge profits. Capitalism and free markets are excellent economic tools, but they are also dangerous without the proper guardrails to ensure financial incentives work toward the greater good.

We have adequate guardrails in banking and consumer goods that protect consumers while generating company profits. We must take steps to fix the perverse incentives in healthcare so that the miracles our doctors deliver to patients daily can continue.

While AI May Not Replace You, It Might Prevent Your Hire

In Hilke Schellmann's investigative work, "The Algorithm," the author delves into the unsettling realm of candidate-screening algorithms employed by HR departments. These automated tools, ranging from résumé screeners to personality assessments analyzing facial expressions and social media behavior, are critiqued for propagating bias and failing to effectively identify the most suitable candidates. Schellmann's own experiments, including receiving high ratings from an algorithm despite providing nonsensical responses, highlight the system's flaws.

Image Fraud Detection, Only a First Step

Journal publisher Science announced that all its journals will begin using commercial software to detect fake images. Although a nice first step, fraud detection software capabilities lag behind the sophistication of image AI such as DALL-E and MidJourney.

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