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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (86038)3/27/2001 10:04:25 AM
From: Don Lloyd  Read Replies (3) of 436258
 
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...``This has raised significant questions as to whether our current measures of overall medical service price inflation are capturing the appropriate degree of productivity advance evident in medicine,'' Greenspan said.

With health care insurance premiums rising at a double digit annual rate for ever more restricted coverage and higher HMO copays, there is indeed a question of "appropriate" measurements. Of course with socialized medicine, most of the cost is paperwork so the falling cost of computers must affect the productivity. My experience with the HMO computers is they save costs by losing 5% of the appointments every three months. Efficiency in medicine is having the patient die after his insurance premium check clears and before he wastes any resources on a useless treatment.

Regards, Don
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