Health care spending could be curbed by doctors cutting back on expensive medical devices rather than slashing Medicare and Medicaid, according to Harvard researchers.
Speaking in advance of next month’s Congressional supercommittee meeting, aimed at reducing budget deficits by $1.5 trillion over the next ten years, Harvard Medical School professors and economists Katherine Baicker and Amitabh Chandra pointed the finger at medical devices as a driver of rampant health care costs.