IN an article called Who’s making money off the health care crisis? Amy Fletcher at the Denver Business Journal reminds us that “health care costs = health care incomes.”
Meanwhile I was called by a journalist from Scientific American , no less, early this morning who wanted a commentary on David Cutler’s soon to be published piece in the NEJM (apparently out this week) in which he confirms his findings that American health care is worthwhile and cost-effective if you value the life of every American — including those over 65 — at over $100,000 a year. How he squares that with an average national income per capita in the $20Ks is a mystery that you have to be a tenured Harvard economics professor to understand. Surely more on that to come. But you might want to check the letters page of the NY Times for more people calling bullshit on that shocking Gina Kolata article from last week which said that we can keep wasting money on health care because, well, we’re rich, bitch!