Steve > Status Update

"The learning paradigm sees innovation by trial and error as the most valuable economic process, and government intervention tends to be inimical to such intervention. Even when the market is producing unsatisfactory outcomes, my view is that eventually innovators will come along with better ideas. In that way, the market's errors tend to be self-correcting. Government's errors tend to perpetuate and deepen."

"If there were no gray area in health care, and everything were black and white, then the only policy challenge would be to make sure that people obtain the services that they need. However, the fact that there is a gray area means that there is some uncertainty about which health care services are cost-effective. That makes it important to be able to place a dollar value on the benefits of health care services."