I really have no analysis on this one. Chief Economic Advisor Larry Summers says that we are engaging in unnecessary health care procedures. Frankly, I don't care if we do. That is why a market system is better. If people feel that they need these procedures, they should be allowed to have them. Anyone who has had surgery can attest to the fact that they aren't being cut up on a whim. Surgery is always out of perceived necessity.
But now our Economic Advisors are saying that they aren't necessary.