Sunday, July 14, 2013

Technology Alone Will Not Save Health Care

Technology Alone Will Not Save Health Care - Forbes: " . . . The business system of health care is profoundly inefficient, and the market is broken (or never existed). This means that resources are allocated to the wrong activities and consumers and plan sponsors pay too much for services they buy, and hence their finite money does not buy all the care they need. The result in the U.S. has historically been average outcomes at 2x the cost level of peer countries. In the future, now that money is becoming scarce and we are less able to pay twice what the other developed countries pay, the result will probably be sub-par care . . ."

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