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The evolution of lighting vs. cholesterol treatments: a tale of innovation and value

The evolution of residential lighting demonstrates successful innovation, while the case of cholesterol treatments highlights the challenges in the health care sector, where low-value innovations prevail and cost reduction is hindered by incentive, norm, and competition issues. ....

Jamesb Rebitzer , Thomas Jefferson , William Nordhaus , Roberts Rebitzer , Oxford University Press , Oxford University , Why Not Better , Choosing Wisely ,

Health Care And Innovation: Why Not Better And Cheaper? - Healthcare

Mass General Hospital (MGH) is one of the oldest and most prestigious hospitals in the United States. From 1821 until 1910, the average cost of treating a patient discharged from MGH was $997 in 2010 dollars. ....

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