Medicine: Will The Tech Bubble Break? - InformationWeek
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Medicine: Will The Tech Bubble Break?
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JohnJ040
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JohnJ040,
User Rank: Apprentice
7/30/2015 | 1:57:02 PM
Re: Tech Increases Healthcare Costs How?
If medicine removed itself from advertising I'd agree with this position. We've been given this notion that science can fix our problems. Madison Ave and Wall Street take full advantage of this.
D. Henschen
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D. Henschen,
User Rank: Author
1/3/2014 | 11:57:56 AM
Cure Worse Than The Disease?
Something had to be done about rising healthcare costs, but the New York Times is reporting today that a study in Oregon shows that people gaining coverage under the Affordable Care Act or going to emergency rooms more, not less. One of the big cost problems in the U.S. is people using emergency rooms rather than family doctors and more of a preventative approach.

Cutting the cost of U.S. healthcare will be truly difficult. An acquaintance of mine just died at 94. At age 92 he and his family were talked into having him go through open-heart surgery to fix a bad valve. He spent lots of time between hospital stays, nursing homes and rehab centers during the last two years of his life. His quality of life was low, his family suffered and the medical bills where high.

We have to start accepting that people can't live forever and stop going to extraordinary lengths to do everything possible instead of doing what makes sense.
RobPreston
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RobPreston,
User Rank: Author
1/3/2014 | 11:40:14 AM
Tech Increases Healthcare Costs How?
Dr. Voran: You quote Steven Brill's Time magazine piece, in which he writes: "unlike those of almost any other area we can think of... the advance of technology has made medical care more expensive, not less." Why is that so? How exactly is the advance of technology making medical care more expensive? As we all know, price is mainly a function of supply and demand. The supply of medical practitioners isn't going up, but the demand for services is going way up, thanks to an aging population and government-funded programs that pay for or subsidize wellness and a range of other healthcare services. Isn't that the root of escalating healthcare prices? I just don't see the connection between more technology and higher healthcare prices. Correlation isn't causation. 


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