Cutler wrote an article for the New England Journal of Medicine in 2006 asserting that “The rising cost … will be spent on health care, making it ”the driving force in the economy,” just as railroads drove the economy at the start of the 20th century… David Cutler, an economist at Harvard, calculated the value of extra spending on medicine. ”They will spend $30,000 more over their lifetime caring for cardiovascular disease than they would have spent in 1950.
of health care has been the source of a lot of saber rattling in the media and the public square, without anyone seriously analyzing the benefits gained.” Anxious to show the good side of rising costs, Cutler and a group of other economists defend the idea that a powerful and profitable medical industry can serve as an engine of economic growth in the USA as the wretched Gina Kolata reported in the August 22, 2006 NY Times. Fogel, a Nobel laureate at the University of Chicago Graduate School of Business, about 25 percent of the G. And they will live maybe three more years because of it.” It makes sense to think of insurance companies, drug companies and health care providers as part of the same sector of the capitalist economy.
Any threat posed to the insurance companies would also be perceived as a threat to the institutions that provide medical care based on profit.
If you are for cutting costs by eliminating the insurance companies, naturally you will want to bring health care costs under control.
On June 8 the New York Times reported on Obama’s contacts with lobbyists from this sector.