Last week Popular Mechanics published a fascinating interview with Dean Kamen. While most people associate Kamen with the (frankly odd) Segway, most of his inventions are in the medical device field. He makes the very good point that, when healthcare costs are viewed over time, it becomes apparent that the route to cheaper and more productive care is through innovation. High costs today are, in part, investments in less expensive treatments down the road. In the current parlance, our existing system already “bends the curve” for a given illness. His analysis certainly doesn’t resolve the debate, but is worthwhile perspective and very worthwhile reading.
The Best Way to Cut Healthcare Costs