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...medically necessary and appropriate." But as health care expenses rise and entitlement programs grow fiscally strapped - at least one part of Medicare is now expected to be bankrupt by 2019 - more and more academics have called for this approach to be reconsidered, and for cost to become a factor. Such a move would mean that "if the incremental cost of a new technology was more than the threshold," Zenios says, "then the recommendation would be that Medicare not cover that new technology...

Author: /time Magazine | Title: The Value of a Human Life: $129,000 | 5/20/2008 | See Source »

...abstraction of reality makes it impossible for them to flawlessly predict where the market will go tomorrow. They will perhaps work as they claim, but there is a chance–if small–that they will not. And it all comes down to the human factor. According to Greenspan, “the innate human responses that result in swings between euphoria and fear that repeat themselves generation after generation with little evidence of a learning curve...

Author: By Pierpaolo Barbieri | Title: The Uncertainty Principle | 5/19/2008 | See Source »

...this terrorist organization, and its government has become irrelevant." Israelis point out that behind Nasrallah and his fighters lurks a possibly greater threat: Iran. Hizballah's dominance in Beirut allows Tehran to project its power into the Mediterranean Sea, something the U.S. and its European allies must now factor into their calculations. (The Pentagon denied reports that the U.S.S. Cole, heading to the Mediterranean from the Persian Gulf, was responding to the Lebanon crisis...

Author: /time Magazine | Title: Welcome to Hizballahstan | 5/15/2008 | See Source »

Race is an unavoidable factor on most of L.A.'s school campuses, where such outbreaks have occurred occasionally in recent years - though rarely involving such numbers. There is ongoing debate about how much tension between the races plays a role. Activist Earl Ofari Hutchinson of the Los Angeles Urban Policy Roundtable called for black and Latino students join in a "Unity Day" against violence, saying L.A. school officials had failed for too long to act to quell tensions between the groups. "That failure is a prescription for continuing disaster," Hutchinson said...

Author: /time Magazine | Title: Black vs. Brown at LA School | 5/15/2008 | See Source »

...part of an ongoing dialogue aimed at strengthening ties. But Pakistan's leadership is split between President Pervez Musharraf and a fractious new coalition government, which overwhelmingly defeated Musharraf's party in February elections. Pakistan's intelligence and security agencies, long suspected of helping anti-Indian militants, are another factor and may not like the growing détente...

Author: /time Magazine | Title: India Hit by Another Bombing | 5/14/2008 | See Source »

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