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One percent reduction in cancer mortality would be worth nearly $500 billion

combined with a delivery system that keeps an eye of cost effectiveness," Murphy and Topel wrote.

"The lesson of the last 50 years is the need to address the issue of medical research that will continue to extend longevity without breaking the bank," they said. "A system that better prices medical care may involve people paying a larger percentage of the cost of their own treatment, or enhanced insurance arrangements that allow us to have more effective cost containment."


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Contact: William Harms
w-harms@uchicago.edu
773-702-8356
University of Chicago
4-Apr-2006


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