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Blog Rx: Post cards from a bioengineer's Woodstock

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rick merritt
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re: Blog Rx: Post cards from a bioengineer's Woodstock
rick merritt   9/1/2009 2:48:45 AM
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Duncan M. (Hank) Walker, Professor of Computer Science and Engineering at Texas A&M University sent in this comment: Europeans spend less than half as much per capita as the US on health care. There is no fancy technology involved, just spending 80% less on administration, negotiating the best prices on drugs, and regulating costs. How can MRI vendors make a profit at $98 per MRI in Japan (the government-specified rate), while the MRI cost is $1200 in the US? They design machines that can make a profit at $98 per MRI. Technology can reduce costs, but keep in mind that the major cost savings does not involve technology.

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