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 University, an expert in the field. “Studies of aggregate medical spending, and of particular medical conditions, show that at least half of all cost growth is a result of increased use of technology.”
