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To: GraceZ who wrote (86099)	3/27/2001 12:01:42 PM
From: LLCF	Respond to of 436258

<How much would the average person pay for five extra years of healthy life? > Exactly... what's it worth??? I have a feeling "real" prices of healthcare will be plummeting in the future! LOL DAK

To: GraceZ who wrote (86099)	3/27/2001 1:06:46 PM
From: Mike M2	Read Replies (1) \| Respond to of 436258

Grace, from an economics perspective the only productivity gains that are relevant are those which result in increased income which boosts profits and/or wages. Hedonic pricing is poppycock. mike ho ho ho

To: GraceZ who wrote (86099)	3/27/2001 1:31:17 PM
From: Ilaine	Respond to of 436258

I think what Greenspan was talking about is the price of ambulatory surgical procedures (outpatient surgery) and minimally invasive procedures like laparoscopic surgery (small incisions, visualization using an endoscope). These types of procedures are far less expensive than the old methods, and far safer. Recuperating at home is also far less expensive than recuperating at the hospital. Safer, too, IMO, when you consider how many different kinds of bacteria there are in even the cleanest hospital.