Our Misplaced Faith in High-Tech Medicine

The public religiously believes there will be a technological fix for the hundreds of diseases that may hit us as our bodies degenerate, and tithes accordingly. Any effort to limit prices for what must be paid for new technologies is met with cries from industry that it will stifle innovation. The taxpayers provide the seed corn for new technology by investing nearly $30 billion a year in basic research through the National Institutes of Health and other ... Full Story »

Posted by Kaizar Campwala
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Posted by: Posted by Kaizar Campwala - Oct 14, 2009 - 9:46 AM PDT
Reviewed by: Kaizar Campwala (review)
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Edited by: Kaizar Campwala - Oct 14, 2009 - 9:50 AM PDT

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Kaizar Campwala
3.8
by Kaizar Campwala - Oct. 14, 2009

Goozner's point, that we over-invest in medical technology, is an interesting one. I'm not sure he does it justice, by not exploring how these innovations have made lived better, and contributed to driving the U.S. Economy.

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