Tuesday, March 2, 2010

Effects of Health Insurance



This video brings up two topics that I thought were interesting. He emphasizes that the rate of innovation present in the health care industry will not be diminished, which is something I think that many people were worried about. I think this comes around the idea that if the government pays for peoples health insurance, then there might be less of an incentive to produce new ideas.

The point he was talking about was the biotechnology industry and how it is expected to grow. I am currently in a biotechnology class and think that it is incredible the things we can do with science, and can have a mutual relationship with the new health care. When they are being paid to produce more product and encouraged to strive to new ideas and concepts.

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