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Technology and Rising Health Care Spending

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ARM Roundtable Technology and Rising Health Care Spending Harold S. Luft, Chair Henry Aaron Mark Pauly Leighton Read Sean Tunis Components of Per Capita Health Expenditure Growth, 1965-2004 16 14 12 Percent increase 10 8 6 4 2 0 19 68 19 71 19 74 19 77 19 80 19 83 19 86 19 89 19 92 19 95 19 98 20 01 20 04 Utilization & Intensity Medical Price Index Age-Sex Profile Year CMS: Office of the Actuary Skinner, Staiger, and Fisher, “Is Technological Change in Medicine Always Worth It? The Case of Acute Myocardial Infarction” Health Affairs, 25(2006) w34-w47 Skinner, Staiger, and Fisher, “Is Technological Change in Medicine Always Worth It? The Case of Acute Myocardial Infarction” Health Affairs, 25(2006) w34-w47 Innovation Effects on Cost and Quality Quality Reducing Cost Reducing Politically Difficult Bad Idea Quality Comparable Attractive to Budgeters Quality Improving Win-Win Attractive to Patients Who Benefits? Who Pays? Cost Comparable Cost Increasing How Well Are Each Measured? Bad Idea, but Who Gains? Terrible Idea
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