Financial Times FT.com

Application of innovation needs cost-benefit treatment

By Clive Cookson and Andrew Jack

Published: July 2 2008 03:00 | Last updated: July 2 2008 03:00

Will technology break the bank? The question preoccupies health experts across the developed world, who have universally identified medical innovation as one of the main forces propelling costs upwards.

"Technological change is the predominant reason for medical cost increases in the past half-century," says David Cutler of Harvard

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