Commission weighs how to use $250,000 OIC proviso for actuarial modeling to inform financing and reimbursement Jen Scott explained a $250,000 Office of the Insurance Commissioner proviso intended to fund actuarial or economic modeling; commissioners favored focusing the work on financing and provider reimbursement scenarios and asked staff to review existing expenditure data before contracting.

The Universal Health Care Commission is gearing up to harness a $250,000 fund for groundbreaking actuarial modeling that could reshape financing and reimbursement in Washington's health system.

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#WA #EconomicModeling #HealthFinancing #CitizenPortal #ProviderReimbursement

Appropriations panel hears LSO on biennial legislative budget, approves bill The House Appropriations Committee advanced the biannual legislative budget (Senate File 2), after an LSO briefing that put above-the-line legislative operations at $26,118,778 and a total biennial legislative budget of $26,689,878; the committee also discussed a large, below-the-line regional economic-modeling subscription.

The House Appropriations Committee has just advanced a massive $26 million biannual budget, sparking debates over travel costs and economic modeling subscriptions!

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#WY #EconomicModeling #CitizenPortal #BudgetReview #FiscalTransparency

The Value of Information in Economic Contexts
www.mdpi.com/2673-9984/12...

By Stefan Behringer and Roman V. Belavkin
From the MaxEnt 2024

#DecisionTheory #InformationEconomics #EconomicModeling

Complexity economists have written more papers about the need for new models than lines of code to build them. Love the vision, but where's the version? Spectra transforms those 15 years of 'we should' into 'we did.' #ComplexityEconomics #EconomicModeling #AcademiaToAction #Spectra #QuantumEconomics

Economic models are obsolete. Still running equilibrium assumptions? Linear forecasts? While you evaluate 3 policies, quantum-ready Spectra is designed to explore more possibilities than atoms on Earth
Economics needs its quantum moment Now.
#EconomicModeling #FutureOfEconomics #ComplexityEconomics

Honored to see my research gaining attention.
Let’s rethink inequality through a mathematical lens — Perelman and Ricci flow methods meet Georgian macroeconomics.

#Econometrics #Inequality #PerelmanModel #RicciFlow #GeorgiaEconomy #EconomicModeling

Wrapping input–output multipliers in confidence intervals - Journal of Economic Structures Input–output multipliers are typically calculated as point estimates of the Leontief quantity model. From the previous literature, they can also be estimated (and their confidence intervals) directly ...

Read our full paper in the Journal of Economic Structures (10/10)
journalofeconomicstructures.springeropen.com/articles/10....
#EconTwitter #DataScience #EconomicModeling