Shannon Brownlee: Is Too Much Medicine Making Us Sick?

In most markets, paying more buys better quality. When you pay $400 for a night in the Four Seasons, you expect to get a better room and better service than you would at Motel 6. But in health care, the normal rules of economics don’t seem to apply. The American health care system ranks in the bottom third of developed nations. American medicine kills 100,000 patients a year through medical error and our health statistics are on a par with the Czech Republic and Chile, countries that you’d think would …