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.
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.