Thanks again for putting David Warsh’s column back in the Business section. As a physician who majored in economics in college while preparing to go to medical school, his summary of David Cutler and Elizabeth Richardson’s new methodology–which measures the value that society gets for its investment in health care–was particularly exciting to me (“Economists’ new measure of health to transform health-care debate,” Business, Feb. 1).
This kind of methodology can rationalize the discussion of health-care dollars both for policymakers and eventually for physicians and patients. I paid very close attention to the Tribune and The New York Times accounts while the meetings of the American Economic Association were going on in Chicago last month, and nary a word did I see about this breakthrough work on health economics. Were it not for Warsh’s column I would have missed it altogether. Thanks for listening to your readers.
