An enormous amount of research has been done on placebos. If the results are to be believed, we could save a great deal of money by substituting placebos for traditional medical care. But so far as I know, I am the only person suggesting this as a realistic possibility.
Can Placebos Lower Health Care Costs?
Also published in Forbes Fri. October 10, 2014
John C. Goodman is a Senior Fellow at the Independent Institute, author of Priceless: Curing the Healthcare Crisis and President of the Goodman Institute for Public Policy Research.
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