Friday, January 4, 2013

Lower Gene Sequencing Costs

The New York Times reports that the cost of gene sequencing is falling and that could lead to an increase in the production of health care procedures.  Economist tend to be technology optimists in that current problems can eventually be overcome with technological solutions - pointing to such examples as the increase in agricultural production since the end of World War II.  Here would be another potential example.  As the cost of gene sequencing decreases this opens up more (profitable) options to produce health products and services.  Time will tell is this actually comes about, but at least one economic barrier (high costs) is eroding to increase the health of the human condition.

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