> Seventy-seven percent of the Medicare decedents' total healthcare expenditures occur in their last year of life, a staggering 52% in the last 2 months, and 40% in the last month. We are basically spending a fortune as a society for healthcare for very old, very sick people that does not increase the lifespan of the individual by more than 30 days, if at all.
That's almost a tautology, right? Pretty much the inverse of the survivorship bias.
Life-saving procedures are expensive because they are difficult and risky and almost by definition likely to fail, since once medical science is able to "manage" one kind of medical challenge, they immediately have to deal with the next one that would kill the person who was saved. In that sense, it should be obvious that most money is spent just ahead of people finally dying. It's almost that cliche of how you always find your keys in the last place you looked.
That's almost a tautology, right? Pretty much the inverse of the survivorship bias.
Life-saving procedures are expensive because they are difficult and risky and almost by definition likely to fail, since once medical science is able to "manage" one kind of medical challenge, they immediately have to deal with the next one that would kill the person who was saved. In that sense, it should be obvious that most money is spent just ahead of people finally dying. It's almost that cliche of how you always find your keys in the last place you looked.