There’s a long and not too revealing article about Harvard health economist David Cutler in the NY Times magazine. It’s called the The Quality Cure? and I will try to get to some comments on what’s wrong with it later today. Meanwhile here’s what I said about it in my FierceHealthcare newsletter
Unlike most critics, Cutler doesn’t think high healthcare costs are necessarily a problem. After working on the failed Clinton effort, Cutler teamed up with another young economist named Mark McClellan to study the economic costs of heart disease. Their contrarian conclusion: Americans are getting their money’s worth when it comes to their healthcare costs, at least in cardiac care. The Times fails to note, however, that many of Cutler’s concepts are either not that new or are contradicted by several other leading health economists.