Arthur Hanson
Well-known member
This is but one of many examples of tech dramatically lowering medical costs. With US costs going out of site, to the point of being a severe danger to our economy and social structure, there is room in many areas to dramatically lower costs. In this area there is much the US could learn from the developing world. Many barriers are put up by the medical establishment to keep costs high and quality low. This is why the US ranks 37th in quality with the highest costs of any country by far. Out of the box thinking by the tech sector is our best hope, for the US medical establishment has been a total failure and an actual impediment to progress. It's the tech sector ethos of ever higher quality, functionality all at ever lower cost that must take hold in US medical. Sadly, most of the progress in this area is taking place abroad. The potential of the smart phone to be the foundation for medical the world over offers the opportunity to bring medical into the tech sector ethos. The potential of using the smart phone and wearable tech to monitor and spot problems far in advance gives us a window to stop many problems before they arise and deal with problems before they become major ones. The smart phone has the power to take over many functions that a doctor offers in a 15 minute time window to a 24/7/365 window, changing the health game entirely. Medical already consumes almost twenty cents of every dollar and is rising fast, actually starting to lower living standards, in fact Medicare is set to go broke in 2016(Forbes link). This is the ultimate opportunity for the tech sector to step up. If not, does anyone believe the tech sector will do well in a collapsing country? In many areas the world has caught up and is passing us. How far TSMC has advanced on Intel is but one of many examples.
How Cataract Surgery Went From $5 to Under $2
Forbes Welcome
How Cataract Surgery Went From $5 to Under $2
Forbes Welcome
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