Monetized medicine: from the physical to the fiscal

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This paper explores professional rivalries as one force driving market-driven healthcare. Extending their jurisdiction
beyond industrial settings, industrial engineers calibrated the physician’s labor against fiscal metrics by devising product
lines for hospitals. These products––diagnostic related groups (DRGs)––were not, however, intended as commodities.
Economists, in contrast, proffered theoretical arguments justifying why medical care was best provided using marketlike
mechanisms.

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