title: Opportunities for cost reduction of medical care: part 3.
abstract: The level of health care spending in the United States and other developed nations is rising at a disturbingly rapid rate. However, in the United States, these increases are not justified by superior performance. Rather, most other wealthy countries' inhabitants live longer and suffer from fewer medical problems than the average American. This paper demonstrates the continued abundance of opportunities for substantially reducing health care costs without decreasing the quality of care. In particular, it emphasizes the need to reduce the practice of defensive medicine and to enlarge the cadre of non-specialist physicians who educate future doctors. Such cost-saving opportunities are not rare phenomena but are widely available and offer the United States opportunities to move toward the markedly lower cost levels that have been achieved in other countries.
authors.affiliation: New York University Medical Center, New York, NY 10282, USA. mmmdmacp1@gmail.com
authors.forename: Monte
authors.initials: M
authors.lastname: Malach
authors.forename: William J
authors.initials: WJ
authors.lastname: Baumol
mesh_terms: D017046:Cost Savings / Q000379:methods*; D003675:Defensive Medicine / Q000191:economics; D004501:Education, Medical; D017048:Health Care Costs / Q000639:trends*; D006801:Humans; D014481:United States