{"id":121,"date":"2010-03-03T18:17:25","date_gmt":"2010-03-03T23:17:25","guid":{"rendered":"http:\/\/gentropy.org\/blogs\/2010\/03\/03\/less-expensive-lower-quality-innovations-abound-in-every-economic-sector%e2%80%94except-medicine\/"},"modified":"2010-03-03T18:17:28","modified_gmt":"2010-03-03T23:17:28","slug":"less-expensive-lower-quality-innovations-abound-in-every-economic-sector%e2%80%94except-medicine","status":"publish","type":"post","link":"https:\/\/gentropy.org\/blogs\/2010\/03\/03\/less-expensive-lower-quality-innovations-abound-in-every-economic-sector%e2%80%94except-medicine\/","title":{"rendered":"Less expensive, lower-quality innovations abound in every economic sector\u2014except medicine"},"content":{"rendered":"<p><a href=\"http:\/\/www.americanscientist.org\/issues\/id.8796,y.2010,no.3,content.true,page.1,css.print\/issue.aspx\">Just-as-good Medicine \u00bb American Scientist<\/a><\/p>\n<blockquote>\n<blockquote><p>That decrementally cost-effective innovations are so rarely described in the health-care literature suggests that medicine is distinct from most other markets, in which cost-decreasing, quality-reducing products are continuously being introduced\u2014think IKEA, Walmart and the Tata car. Several reasons may explain this \u201cmedical exceptionalism.\u201d First, there is fundamentally a lack of incentives both for physicians to control costs, especially under a fee-for-service regime, and for patients to demand less expensive treatment when insurance shields them from the direct costs of care. Second, medical \u201cbargains\u201d frequently come with health risks, and trading health for money strikes some as vulgar, regardless of ratio. The inherent ethical unease that decrementally cost-effective innovations can elicit poses a serious public relations and marketing challenge.<\/p><\/blockquote>\n<\/blockquote>\n<p><\/p>\n<div class=\"zemanta-pixie\"><img decoding=\"async\" class=\"zemanta-pixie-img\" alt=\"\" src=\"http:\/\/img.zemanta.com\/pixy.gif?x-id=24237fb0-414d-816c-b39d-37c039fba4d7\" \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Just-as-good Medicine \u00bb American Scientist That decrementally cost-effective innovations are so rarely described in the health-care literature suggests that medicine is distinct from most other markets, in which cost-decreasing, quality-reducing products are continuously being introduced\u2014think IKEA, Walmart and the Tata car. Several reasons may explain this \u201cmedical exceptionalism.\u201d First, there is fundamentally a lack of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2,3],"tags":[],"class_list":["post-121","post","type-post","status-publish","format-standard","hentry","category-economics","category-healthcare","category-human-nature"],"_links":{"self":[{"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/posts\/121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/comments?post=121"}],"version-history":[{"count":1,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/posts\/121\/revisions"}],"predecessor-version":[{"id":122,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/posts\/121\/revisions\/122"}],"wp:attachment":[{"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/media?parent=121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/categories?post=121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/tags?post=121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}