Future Tech Health Care Politics

Will Tomorrow’s Medical Innovations Be There When You Need Them?

I linked this section of the article because it references a number of the future high tech devices I have been following, plus:

As a practicing physician, I’m deeply troubled by the possibility of any slowdown in innovation, especially because we’re on the cusp of a new round of potentially game-changing medical advances. Some recent examples include:

* 3D printing of replacement body parts

* Personalized medicine using individuals’ genetic data

* New diagnostic tests that can detect lung cancer with a breath

* “Spleen on a chip” to fight infection

* Real-life tricorder

* Bionic eyes

…many medical device manufacturers run on extremely thin margins. Small differences in the tax and regulatory environment can mean the difference between a product coming to market — or being abandoned as not worth the effort.

It’s easy to see the lives saved by products that exist. But it’s almost impossible to know which lives would have been saved by innovations that never made it to market.

via PJ Media » Will Tomorrow’s Medical Innovations Be There When You Need Them?.

Dr. Hsieh makes the point that innovation can be stymied by well-intended but ultimately ruinous regulations. Inventors of live enhancing medical technologies deserve to become rich and to be praised and honored for their contributions to the human condition.

For innovation to thrive we need a less litigious world where inventors and investors will take big risks hoping for big rewards, where taxes and regulations do not stifle new ideas.

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