Obama EMT investment – Government reacting to market failure

NYT story notes how the investment to create incentives to single practice physicians is classic textbook reactionto market failure:

… only about 17 percent of the nation’s physicians are using computerized patient records, according to a government-sponsored survey published last year in The New England Journal of Medicine.“This is really not a technology problem,” observed Erik Brynjolfsson, an economist at the Sloan School of Management at the Massachusetts Institute of Technology. “It’s a matter of incentives and market failure.”

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