A new study published yesterday in Jama found that a test used to diagnose patients with lung cancer had a built-in racial bias. The algorithm in the software used to diagnose patients assumed that Black people had naturally weaker lung capacity, raising the threshold for recommending care and making it less likely that they would be prescribed medication. According to the study, up to 40 percent more Black men would have been diagnosed with breathing problems if the bias had been corrected. The study also pointed out that this specific test isn't the only place where racial bias affects medicine. Prejudices and assumptions about racial differences affect patients looking for heart and kidney care as well.
WARNING ABOUT PAYMENT APPS
There's a new warning for people who store money in payment apps like Paypal, Venmo, and Cash App. The Consumer Financial Protection Bureau (CFPC) said that the funds may not be secure in the case of a crisis, because while traditional bank accounts are secured up to $250,000, money held in a payment app doesn't have the same protections. So if one of these companies ever had a funding issue or was forced to close, customers could lose their money.
Fiserv's Shannon Watkins talks about driving change at the intersection of commerce, culture, and community- all while tackling small business failure rates.
Katz's Deli owner Jake Dell reveals how he's modernizing the 137-year-old family business while fiercely protecting its heritage on NYC's Lower East Side
