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 that’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, “A Cure for Health-Care Costs.” 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?
“Computers make things better and cheaper. In health care, new technology makes things better, but more expensive,” quips Jonathan Gruber, an economist at MIT who leads a heath-care group at the National Bureau of Economic Research, in one article.