Healthcare Quarterly

Healthcare Quarterly 13(2) March 2010 : 90-92.doi:10.12927/hcq.2013.21677
Technology Assessment

Paying for Technology. The Cost of Ignoring Opportunity Costs

Maurice McGregor

The continuing acquisition and use of new technologies (defined here as the drugs, devices and procedures used by health professionals) is a substantial driver of increasing healthcare costs (Bodenheimer 2005; Fuchs 1996; Newhouse 1993; Schwartz 1987). The cost of new technology acquisition has been variously estimated to make up 39% (Mohr et al. 2001), 50% (Wanless 2001) and 66% (Di Matteo 2005) of the overall annual increase in healthcare spending.

 

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