A parable of health-care rationing

November 2, 2012

Imagine you’re a Belgian industrialist with an idea for a device that treats certain cancers. You’re convinced it would be a huge improvement over the existing standard. But it would also be hideously expensive, at least initially, and your specialized contraption will put your country’s public-health accounts in a cold sweat. How to convince investors you’re not insane? (Wall Street Journal)