Your Money or Your Life
Strong Medicine for America's Health Care System
David M. Cutler
Reviews and Awards
Concise and persuasive...avoids most of the ideological shoals of the health care debate.... Cutler shows how the current system could be redesigned so that everyone is insured, the quality of care improves and the overall costs remain roughly the same. - Washington Post
This slender but important book...makes some exceedingly valuable points. Its passionate argument that modern medicine works is persuasive. It argues equally convincingly that there is both an economic and a moral case for medical spending. Perhaps most notable, it points out the many perverse incentives in our current system of financing medical care, and it argues that we should correct the system by providing financial incentives for the medical treatments and the approaches we truly want. The book, in sum, represents a significant contribution to health-policy literature and ideally, would be used to inform present and future discussions of health care in America. - St. Louis Post-Dispatch
It's also important for readers to understand the cost effectiveness behind developments in treating such conditions as cardiovascular disease, infant mortality and mental illness; chapters devoted to these are the best material in Cutler's book. His case studies are well researched and offer a tremendous amount of information about medical history and its economic significance. - Los Angeles Times
When economics and medicine mix there is bound to be confusion unless someone like Harvard economics professor Cutler, who seems to effortlessly make a complex issue comprehensible, is doing the mixing.... An elegant investigation. - Booklist
Cutler has paved the way for a unique new understanding of health care in America: policy makers and providers should focus on increasing the value of dollars spent rather than rehashing the tired distinction between cutting costs and paying more. For everyone interested in improving health care in the United States, this is original and inspiring - actually, indispensable.
A thoughtful analysis of the problems afflicting our health care system. His creative proposals will interest every citizen concerned about improving American health care. - Edward M. Kennedy
This highly-readable volume explores all of the major issues that confront us as we attempt to improve America's health care system. David Cutler provides a clear and concise guide to how one should think about the costs and benefits of health care, the value of medical advances, and options for reforming the health care system. This is the book to buy if you want to understand how we can improve health care in America. - Robert D. Reischauer, President, The Urban Institute
Cutler presents a refreshingly optimistic path for the future of America's health care system - promoting policies focused on increasing the value of medical services and improving health outcomes. He finds over and over that while health care expenditures are significant, we get a great deal more in return. His work is a major contribution to what I believe will become an increasingly interesting and important debate
Flatly refutes the proposition that good economics has to be a difficult slog through arcane tables, charts, and mathematics. In 123 absorbing pages he shows readers why the gains from improved health care vastly exceed its formidable costs and how the gains could be larger still. In so doing, he demonstrates that good economic analysis can contribute constructively to debate on public policy - and quote Euripides aptly at the same time!
Cutler's upbeat book delivers a welcome message to a public wearied by reports of medical errors, the rising number of uninsured, and the relentless growth in medical expenditures. Anyone with a serious interest in the U.S. health care system - and its future
Cutler's discussion of managed care and how doctors are reimbursed for certain procedures but discouraged from other practices is especially clear. Cutler's position - health insurance for all and doctor reimbursement by quality, not simply service