Abstract
Continuous aging of the population, growing health consciousness, and continuous technological advances have fueled the rapid rise in health-care costs in the United States and Europe for the past several decades. The exact impact of new medical technology on long-term spending growth remains subject to some controversy. By all measures, it is apparent that new medical technology is the dominant driver of increases in health-care costs and hence insurance premiums. This chapter addresses the impact of medical technology such as MRI-PET on health-care delivery systems with regard to medical practice and cost. Factors addressing the growth of medical technology will be explored before attempting to provide a means for assessing the effectiveness of medical technology. Finally, avoidable health-care cost drivers will be identified, and relating policy issues will be discussed.
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