The Benefits of Medical Progress by Nc7M7xzF


									                            The Benefits of Medical Progress
                                   by David Cutler

This talk focuses on the benefits of medical innovation. Developed countries spend a lot
more on medical care now than in the past. But what is the return for that spending? I
argue that the return is high, and that the conventional view of increasingly unaffordable
medical care is wrong. Rather, we can comfortably spend more on valuable services,
though we should work to increase the value of what we get.

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