Thinking About Health Care

How should we think about Health Care? Is it a fundamental human right? Is it a value-added service? Or a staple product like soap and toothpaste?

However we approach it, whoever provides healthcare needs to be paid. And the way we pay for healthcare will affect the quality of that care.

Consider drugs. They cost a fortune to develop. But once they’re on the market, they cost pennies to produce. That means that if people use more prescriptions to treat their health problems, the marginal cost to treat each person goes down.

Looked at this way, it makes a lot of sense to add a drug benefit to Medicare. Lower marginal costs may actually save us money in the long run.. Any way you look at it, our shift to a drug-based health care system is likely to accelerate.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2017-07-17T12:35:25+00:00 April 8th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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