Our data, for example, show that a third of Medicare’s spending in physician or outpatient settings in 2012 reflects technology that did not exist a decade earlier…When it comes to technology development, the central challenge is to encourage high-value innovation while discouraging innovation that drives up costs without much improving health.
- Bagley, Chandra and Frakt. Correcting Signals for Innovation in Health Care. The Hamilton Project: Policy Proposal, Oct 5, 2015.