Analysis: Money spent on health care leads to medical innovation

10/5/2006 | NYTimes.com

Although problems exist in the U.S. health care system, it's that same system -- with its chaos, occasional waste, academic ties and especially the loads of money spent on it -- that creates an environment conducive to medical innovation, according to an economics professor writing in The New York Times. American researchers and companies produce important medical innovations, as well as improve upon others' research and technologies, which has helped save lives and improve life expectancy.

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