I love it when technology people start to focus on a new area, because they always seem to offer a fresh view, even when the topic is well dissected. I think thatâ€™s one reason why tech is known for lowering costs in all industries, except one: health care.
MIT Technology Review recently published an excellent package, â€śA Cure for Health-Care Costs.â€ť At the heart of the articles is this question: Why is it that technology raises the costs of health care, rather than lowering it, and how can we change that?
â€śComputers make things better and cheaper. In health care, new technology makes things better, but more expensive,â€ť quips Jonathan Gruber, an economist at MIT who leads a heath-care group at the National Bureau of Economic Research, in one article.