By Paul Krugman
The past quarter-century has seen the emergence of a vast medical-industrial complex, in which doctors, hospitals and research institutions have deep financial links with drug companies and equipment makers. Conflicts of interest aren’t the exception – they’re the norm. . .
The point is that the whiff of corruption in our medical system isn’t emanating from a few bad apples. The whole system of incentives encourages doctors and researchers to serve the interests of the medical industry.
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