Dr. Andy

Reflections on medicine and biology among other things

Thursday, September 29, 2005

A Cadillac, not a Hyundai

This article points out the lack of incentive for cost-effective medical care
Another question is how to change incentives for developing the technologies in the first place. "In the automotive and consumer-electronics industries, there are incentives to develop good, cheap DVD players or good, cheap cars," Goldman said. "When it comes to medical technology, there is no incentive to develop something that's pretty good but less expensive because the people who are buying it don't pay for it. It's not surprising that everyone wants a Cadillac instead of a Hyundai."
Of course one soluton would be people paying more of their medical expenses, like those who have health care savings accounts do.

3 Comments:

At 8:03 PM, Blogger ollie said...

"Of course one soluton would be people paying more of their medical expenses, like those who have health care savings accounts do."

With what??? Most folks aren't exactly rolling in money these days.

BTW, on an unrelated note, a hearty "WAY TO GO" on yet another fine performance in a 100 mile trail race.

 
At 3:20 PM, Blogger Dr. Andy said...

Well, my solution should result in overall decrease in medical costs (or at least slowing the rate of increase). Since most of us are insured through our employers, the lower costs of high-dedcutible insurance could be put into the HSA.

Americans in 2005 are the richest people ever. Of course, since everyone needs not only a color TV and cable, but a plasma TV and DVD, perhaps we need to work on our priorities.

 
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