Price of Technology: A Blind Spot
Melski, John W.
JAMA. 1992 Mar 18; 267(11): 1516-1518.
We are responsible for knowing the risks and benefits of the care we recommend. But we often do not know the price, especially for new technology. Researchers usually report new technology in our journals without mention of the expected charges. Patients are seldom concerned with the price of technology when the charges are covered by third-party payers. There are problems with price. It varies with marketplace, regulations and negotiations. It may not reflect the true value of a service. It does not reflect the nonmedical expenses of seeking care, indirect costs of morbidity, or the intangible costs of suffering. Despite these problems, we need to consider the charges that are used to measure health care expenses and transfers of wealth in our society....
Alternatives; Biomedical Technologies; Costs and Benefits; Economics; Health; Health Care; Health Care Delivery; Health Services; Health Services Research; Incentives; Morbidity; Patients; Research; Research Design; Researchers; Resource Allocation; Risks and Benefits; Suffering; Technology; Technology Assessment; Therapeutic Research;