The Value of Medical Technology
By Jeffry Fawcett, September 5, 2006 in the Editorials blog
It turns out that we’re getting one heck of a deal for what we spend on medical treatment. An article in the latest issue of the New England Journal of Medicine tells us why. Titled “The Value of Medical Spending in the United States, 1960-2000,” the article describes how life expectancy has increased by almost seven years at a cost of a little less than $20,000 for each additional year. [Read more…]