Monday, September 26, 2011

Too much progress.

Reuters reports that a recipe for scientific success is turning into a recipe for economic disaster:

Some 12 million people worldwide are diagnosed with cancer each year and that number is expected to rise to 27 million by 2030. The cost of new cancer cases is already estimated to be about $286 billion a year, with medical costs making up more than half the economic burden and productivity losses account for nearly a quarter, according to Economist Intelligence United data cited in the report.

A paradox of modern healthcare is that specialization increases costs, a trend opposite to what is going on with other major products and services.

tags: health, evolution, medicine, problem, solution, s-curve, infrastructure, economics, 10X

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