Cutting costs: The great health-care challenge of the century

McKinsey outlines seven reforms that address supply and demand in the health-care market and may help to curb ever-increasing spending.

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  • Dylan Wiliam

    The market for rental textbooks right now is an artifact of the fact that digital purchases cannot be re-sold. If the first purchase doctrine were applied to digital works, then much of this analysis would be challenged. Currently, applying the first purchase doctrine to digital works is problematic, because it is assumed that such goods are non-rivalrous (i.e., that people can give away, and keep, the digital works they have bought). However, Amazon, and other publishers of digital works, have already managed to secure pretty good security for their works, in order to prevent copying. Ultimately, how all this plays out may depend on the Supreme Court.

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