Analogies and the federal debt
The Rubber Room

A lot of what you need to know about the economics of health care . . .

. . . in four sentences [referencing Senator Kennedy's treatment for brain cancer that extended his life about a year]:

“We are all in favor of eliminating waste,” said Mark Pauly, a professor of health care management at the Wharton School at the University of Pennsylvania. “But when it’s your life that’s on the line, you tend to behave quite differently.”

“The economist in me says, If you want to save money, this is probably a good place to take it from,” Dr. Pauly said. “The human being in me says, I don’t want to do it.”

Comments