New medical technologies are a leading driver of U.S. health care spending. This report identifies promising policy options to change which medical technologies are created, with two related policy goals: (1) Reduce total health care spending with the smallest possible loss of health benefits, and (2) ensure that new medical products that increase spending are accompanied by health benefits that are worth the spending increases.
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Steven Garber is the principal of The Washington Institute for Faith, Vocation & Culture, which is focused on reframing the way people understand life, especially the meaning of vocation and the common good. A consultant to foundations, corporations and schools, he is a teacher of many people in many places. The author of The Fabric of Faithfulness, he is also a contributor to the books Faith Goes to Work: Reflections from the Marketplace and Get Up Off Your Knees: Preaching the U2 Catalogue. He lives with his wife, Meg, in Virginia.
Susan M. Gates is an economist at RAND specializing in the areas of industrial organization, political economy, and applications of economic management principles to public sector organizations.
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