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Technology Stocks : JDS Uniphase (JDSU)

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To: Proud_Infidel who wrote (20702)	6/28/2001 12:19:21 PM
From: Jacob Snyder	Read Replies (1) of 24042

OT re: How is it that medical services are able to increase at a rate of 8-12% annually when the economy is growing (at a normalized rate for the previous 5 years) of about 2.5%? Because: 1. medical services are taking up a steadily increasing fraction of the GDP, and all efforts to stop this trend run into a brick wall of powerful special interests 2. the industry is structured so that everyone can charge monopoly prices 3. doctors are punished (get sued) if they underdiagnose, undertest, undertreat, but the penalties for over-diagnosing/testing/treating are minimal. 4. Doctors are still the main decision-makers in the system (not patients, not the government, not cost-controlling administrators). And, for doctors, the first priority is treating the patient, not costs. 5. medicine is an art; reaching the right diagnosis and treatment is often a process of trial and error; technological advances have given us many more tools to test and treat with, and we use them lavishly (patients demand this). 6. technological advances have made medicine less efficient.

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