There was a factoid I saw a few weeks ago that declared that the largest category of data now being stored in the infoverse was medical image data. In talking with an Indian-born colleague I commented that the obvious leverage there was to send those images over to Bangalore for analysis and then have a doctor in the USA just rubber-stamp the diagnosis and deliver the news and treatment to the patient. He indicated that this was already happening based on some fellows that he knew.
It’s merely an anecdote, but I think it aligns with Dr. Mead’s general view towards the increasing rate of change and creative destruction that he believes will characterize the coming years.
I very much look forward to new medical and information technology improving health care, but i very much doubt it will cut costs.
Like with x-rays or ct-scans, it seems likely we can reduce the per unit cost of diagnostics, but in doing so, people will moreso expect the technology to be available to them. Like with many things, improving efficiency may result in more aggregate consumption (ie cost) of healthcare, not less.
If we are to use technology to reduce cost, it will only be if people have to pay the price out of their own pocket, or a politically bitter fight for who doesn’t get access to the technology.