Whereas, the US now spends two trillion dollars a year on medicine, which is 16% of national income, a percentage that has doubled every thirty years, threatening to overwhelm federal taxes in thirty years and to dominate the economy in sixty years, and
Mr. Vassar - that wouldn't really test the marginal effect of medicine. The concern is not that western medicine is ineffective; the concern is that we already consume so much medical care in the US that we are well past the point of diminishing marginal returns.
RAND Experiment II Petition
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Mr. Vassar - that wouldn't really test the marginal effect of medicine. The concern is not that western medicine is ineffective; the concern is that we already consume so much medical care in the US that we are well past the point of diminishing marginal returns.
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