A Sullivan reader writes:
A more legitimate question however is whether or not the incredible technology we're purchasing today is worth the extra money it costs, and there is no broad answer for this.
The decision is a very personal and individual one. Should my 84 year old father get a $100k course of the newest radiation therapy cancer treatment that will essentially cure his cancer, but probably only extend his life expectancy by 1 year due to his advanced age? If it's my father, my answer is yes I'll gladly pay it. And, as long as someone else is paying the bill (insurance company, the government) the answer on an individual level is always going to be yes. But the problem is a lot of people can't actually afford the latest technology to come down the pipeline, and we as a nation can't afford to pay for everyone to have it either (next week the government will announce that Medicare Trust Fund will be insolvent in less than 10 years).
Check out the rest of the post. It's a worthwhile read.