Tuesday, January 02, 2007

Another Mouse and Elephant Story

(Read the post below this one, first)

In this one, the high cost and low quality of medical care in the U.S is caused by:
1. The elephant: the huge waste of money in the private health insurance industry.
2. The mouse: lack of widespread use of "nurse practitioners" as a lower cost alternative to doctor visits.

Two economists, Paul Krugman and Anna Bernasek see the elephant.

A Harvard Business School professor, Clayton Christensen sees the mouse.

Tells you something about the Harvard Business School, the institution that famously gave us our first MBA President.

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