The Kaiser Family Foundation released a report yesterday that some will find shocking. It found that the average cost of a family insurance plan is growing twice as fast as inflation, and has doubled since 1999. This is likely to lead to more calls to reduce healthcare costs. But David Leonhardt's column in today's New York Times puts things in a more reasonable perspective. Yes, healthcare costs used to be cheap half a century ago, but back then no one expected much from healthcare, nor for it to make much of an impact on longevity. But today's expensive healthcare, including new medical devices, does have a significant impact on longevity. Of course waste does exist in the system, and we should do our best to eliminate it. But innovation costs money. Would we trade those costs for a shorter lifespan?
September 27th, 2006
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Yes, that's billion, with a "b." Johnson & Johnson is seeking $5.5 billion in damages from Abbott and Boston Scientific related to its failed Guidant acquisition, reports Reuters News. J&J had an agreement to buy Guidant that the latter broke in order to take a richer deal from Boston Scientific. The suit, filed in federal court in New York City, alleges that Guidant leaked confidential information about its deal to Abbott, which passed it on to Boston Scientific, who used the knowledge to win the battle for Guidant. Boston Scientific ended up spinning off Guidant's stent business to Abbott.
September 26th, 2006
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Leslie Norwalk, deputy CMS administrator, will take over the top job at CMS on an acting basis, reports CQ.com (registration required). Herb Kuhn, head of the agency's Center for Medicare Management, will move into the number-two position. The moves follow the departure of Mark McClellan, announced earlier this month. Both Norwalk and Kuhn have been mentioned as potential permanent successors to McClellan. Either would be a fine choice, as the agency needs continuity as it works to implement sweeping changes introduced under McClellan's watch.
September 26th, 2006
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Today's Boston Globe has a piece praising a technology that caught our eye recently, too: the VeinViewer, a device that helps locate hard-to-find veins. Many of us have, or know someone who has, veins that don't present themselves easily when it comes time for an injection or to draw blood. This condition causes pain and discomfort. The VeinViewer, made by Luminetx Corp. (Memphis) and marketed by Diomed (Andover, MA), uses near-infrared light to produce a "vein map" on the skin. About 30 vein care centers so far are using the device, which went on the market in May. Expect patient demand to cause that number to climb.
September 25th, 2006
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Boston Scientific says sales of drug-eluting stents and implantable cardioverter-defibrillators are slowing, which will cause the firm to miss Wall Street analysts' earnings expectations for the third quarter, according to the Boston Globe. Third-quarter earnings will be around $2 billion, short of Wall Street's projected $2.2 billion. Doctors are slightly shifting away from implanting drug-eluting stents and ICDs. Safety concerns may be a factor.
September 22nd, 2006
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FDA is holding a meeting on Oct. 25 in Gaithersburg, MD to collect public input on whether unique identification systems, such as bar codes, should be required for medical devices. Registration, including signups for those who want to speak at the meeting, is already open. It is crucial that industry present a strong case for how a non-burdensome unique device identification system should look. It's unlikely that FDA will pass on the idea entirely, given recent safety issues.
September 22nd, 2006
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The controversy over biomedical conflicts of interest between doctors and companies continued at a Cleveland Clinic conference yesterday. This relationship is necessary, but it shouldn't cause the financial interest of doctors to get in the way of patient care, advised medical experts. While the issue has increased with the rapid pace of medical innovation, Philip Pizzo, Stanford University's medical dean, said the key is to manage the conflicts, not try to eliminate them. The Associated Press also reports that as of October 1, Stanford University is prohibiting doctors that work at its hospitals from accepting any gifts in efforts to "eliminate corporate influence from medical decisions." It's not likely that this debate will end anytime soon, considering many doctors need to work with companies, from serving as consultants to being trained on a device's use.
September 21st, 2006
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The United States Senate Committee on Health, Education, Labor and Pensions voted today to move the nomination of Andrew von Eschenbach to be FDA commissioner to the Senate floor, Bloomberg News reports. The matter is now before the full Senate. The timetable for a confirmation vote is uncertain as two senators have vowed to block it until certain issues are addressed.
September 20th, 2006
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A consortium of 22 patient groups in New Jersey is growing concerned about the amount of reprocessed single-use devices used in state hospitals, reports the Star-Ledger of Newark. The consortium is meeting today to raise awareness about the issue and to advocate for a state law requiring patient consent before reprocessed SUDs are used. If the idea gets traction, New Jersey would become the second state that we know of to consider passing such a law. The Massachusetts legislature considered such a bill last year, but no action has been taken yet. There are legitimate arguments on both sides about the safety of reprocessed SUDs. Regardless of which side you believe, there should be no harm in allowing patients to decide for themselves whether they want such devices used on them.
September 20th, 2006
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The Associated Press reports that FDA scientists believe that an artificial spinal disk made by Medtronic is at least as safe and effective as spinal fusion. The agency released its analysis in advance of an advisory panel meeting to be held today. The report bodes well for the device, called the Prestige, which if approved would join a market considered to have significant growth potential.
September 19th, 2006
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