Wisdom  
Scott Gottleib
"Baumol's Disease" (AMedNews Feb 12, 2001)

Economics
Healthcare
Organization
Productivity
[William] Baumol's principles hold that new technologies in health care, unlike productivity-increasing technologies in industries such as banking or insurance, will only add to costs and consume more of a doctor's time....It is becoming clear that no amount of managerial organization or information technology is going to curb health care costs....Labor saving innovations are harder to come by because of the inherently handicraft nature of medical activities....It will always take one doctor to see one patient.
   
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