Oregon passed a law attempting to ban the corporate practice of medicine. It’s probably not going to work? There are carveouts. It would still allow for private equity to use a puppet doctor to run the show equally poorly (already common practice). It doesn’t address hospitals/health systems taking over the world, which often use the same corporate playbook. And none of it addresses the fact that access to capital, regulation, and reimbursement make it really hard to be small in medicine.

But it’s a start.

// 06.13.25

From Obsolescence Rents: Teamsters, Truckers, and Impending Innovations, published by the National Bureau of Economic Research:

We consider large, permanent shocks to individual occupations whose arrival date is uncertain. We are motivated by the advent of self-driving trucks, which will dramatically reduce demand for truck drivers. Using a bare-bones overlapping generations model, we examine an occupation facing obsolescence. We show that workers must be compensated to enter the occupation – receiving what we dub obsolescence rents – with fewer and older workers remaining in the occupation. We investigate the market for teamsters at the dawn of the automotive truck as an á propos parallel to truckers themselves, as self-driving trucks crest the horizon. As widespread adoption of trucks drew nearer, the number of teamsters fell, the occupation became ‘grayer’, and teamster wages rose, as predicted by the model.

“Obsolence rents” is a neat phrase. I remember a friend growing up whose aging father made a great living maintaining legacy systems in the nearly defunct computer language COBOL.

// 06.06.25

A new small AI sentiment study, as summarized in Becker’s: “Patients undergoing mammography preferred having their images interpreted by a radiologist before and after AI review.”

Having their imaging interpreted by AI alone was acceptable to 4.44% participants.

Having their imaging interpreted by AI after radiologist interpretation was acceptable to 71% of participants.

The finding that 4% of people were already (incorrectly) comfortable is the most interesting thing about this study. We are so early in the game here, and the current tools so unrobust, that almost all the opining about AI diagnosis is only meaningful as a snapshot for the historical record and a ward against the hindsight bias when inevitably most predictions are wrong most of the time.

// 05.22.25

If you’re at ASNR this year, I’m doing part of the session on Choosing & Navigating Your First Job tomorrow (Wednesday) at 1:15pm. Come say hi!

// 05.20.25