2min chapter

The Gray Area with Sean Illing cover image

Tyler Cowen on the painful end of American complacency

The Gray Area with Sean Illing

CHAPTER

What Do You Think About a Prize System?

CNN's John Sutter says he would like to see a prize system for innovation. The idea is that if you came up with a drug or treatment that did X, you would get $2 billion and the treatment would have no patent on it. "I do wonder whether or not when we imagine alternative healthcare structures, one thing that we should be imagining is what if we spent a lot less on coverage?" asks Sutter.

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