Capital-Specific Skills and Physician Quality
I have heard old-school physicians and physicians from lesser-developed countries complain that younger American physicians do not know how to practice medicine without all the fancy equipment we have. This would imply that older equipment couldn’t be reused as readily due to physician reliance on the newest available products.
I have written before on what I think may be excessive capital intensive provision of care and capital turnover in hospitals and other health provider facilities. I have not mentioned the connection between the latter issues and the former. A quick Google Scholar search didn’t turn up any papers on the subject, but I wonder if it has been explored any.
It would be yet another reason to believe that health care price increases derived from technological advancement may reduce welfare (that link is more for me than for you).
