| Search by tag or site | Login to my blog ? Start my own blog |
![]() |
BioHealth InvestorBioHealth Investor (BHI) is a blog and journal focused on providing updated commentary and financial news from the biotech and medical technology industry. BHI's content is featured on Yahoo!Finance, Google Finance, TheStreet.com, SeekingAlpha.com and many other blogs and websites. BHI is also a proud member of The Business of Biotech Network, and the Investors Blog Network. |
Amputee Rights
Posted on 05/17/2007 05:52:11 | Link | Post Comment
by David E. Williams
Health Business Blog
The New York Times and USA Today had stories on amputees and prostheses today. The front-page Times piece (Debate on Amputee Sprinter: Is He Disabled or Too-Abled?) chronicles the story of a South African who’s been legless from infancy and wants to run in the Olympics. His high-tech carbon fiber Cheetah prostheses, made by Ossur enable him to reach Olympic speeds. Unsurprisingly the track and field governing body wants to ban him for having an unfair advantage, while he and his supporters say he doesn’t have an unfair advantage and should be allowed to compete. The points on each side are interesting as far as they go.
Too bad the article doesn’t mention the cost and general availability of the prosthetics, which is the subject of the USA Today’s piece (Amputees’ reality is out of step with ‘Dancing’), which appears in the Life Section. Without providing any hard statistics, the thrust of the article is that amputees are being denied coverage for prosthetics. Heather Mills, “the estranged wife of former Beatle Paul McCartney” is shown on the TV show Dancing With the Stars, but according to Amputee Support Team of Central Pennsylvania’s Dick Nickle (try saying that name five times fast):
The article describes the C-Leg, “a limb containing a microprocessor and hydraulics” that is seen by some amputees as a godsend, but costs $60,000, an amount insurers are reportedly often unwilling to pay. Meanwhile Medicare does cover the devices.
We’ll be hearing a lot more about amputees and prostheses; Iraq and Afghanistan veterans will make sure of that. But there’s a great opportunity to demonstrate that medical technology doesn’t have to drive up costs, rather it can drive them down. Nobody can make me believe that the cost of the device can’t fall radically with scale-up. Sure, some of the materials are expensive but hydraulics and especially microprocessors can benefit from experience curve effects that drive costs down over time. That leaves the labor costs associated with the prostheses, especially the time of physicians and other medical personnel. Those costs can be driven down, too, by more efficient deployment in the US or outsourcing to high-skill, low cost facilities in places like India and Thailand. India’s more or less on the way home from Afghanistan anyway.
And let’s not forget about the many more amputees in poorer countries. Seems to me that low cost, high quality prostheses would be a lot more useful technology than the cheap laptops that some are so excited about.
Source: HealthBusinessBlog.com
____________________
Health Business Blog
The New York Times and USA Today had stories on amputees and prostheses today. The front-page Times piece (Debate on Amputee Sprinter: Is He Disabled or Too-Abled?) chronicles the story of a South African who’s been legless from infancy and wants to run in the Olympics. His high-tech carbon fiber Cheetah prostheses, made by Ossur enable him to reach Olympic speeds. Unsurprisingly the track and field governing body wants to ban him for having an unfair advantage, while he and his supporters say he doesn’t have an unfair advantage and should be allowed to compete. The points on each side are interesting as far as they go.
Too bad the article doesn’t mention the cost and general availability of the prosthetics, which is the subject of the USA Today’s piece (Amputees’ reality is out of step with ‘Dancing’), which appears in the Life Section. Without providing any hard statistics, the thrust of the article is that amputees are being denied coverage for prosthetics. Heather Mills, “the estranged wife of former Beatle Paul McCartney” is shown on the TV show Dancing With the Stars, but according to Amputee Support Team of Central Pennsylvania’s Dick Nickle (try saying that name five times fast):
“It’s an inspirational thing she’s doing, but it sometimes creates a false sense of being able to do the same thing based on your income and insurance.”
The article describes the C-Leg, “a limb containing a microprocessor and hydraulics” that is seen by some amputees as a godsend, but costs $60,000, an amount insurers are reportedly often unwilling to pay. Meanwhile Medicare does cover the devices.
We’ll be hearing a lot more about amputees and prostheses; Iraq and Afghanistan veterans will make sure of that. But there’s a great opportunity to demonstrate that medical technology doesn’t have to drive up costs, rather it can drive them down. Nobody can make me believe that the cost of the device can’t fall radically with scale-up. Sure, some of the materials are expensive but hydraulics and especially microprocessors can benefit from experience curve effects that drive costs down over time. That leaves the labor costs associated with the prostheses, especially the time of physicians and other medical personnel. Those costs can be driven down, too, by more efficient deployment in the US or outsourcing to high-skill, low cost facilities in places like India and Thailand. India’s more or less on the way home from Afghanistan anyway.
And let’s not forget about the many more amputees in poorer countries. Seems to me that low cost, high quality prostheses would be a lot more useful technology than the cheap laptops that some are so excited about.
Source: HealthBusinessBlog.com
____________________
- Mri To Lead Growth In Medical-imaging Market
- Malaria And Hiv - Eradication And Treatment
- Dragon’s New Production Process To Cut Costs
- Mrsa Update: Cepheid, Basilea And Nektar
- If Only Us Health Care Could Be More Like The Patriots (or Even The Red Sox) And Less Like The Yankees
![]()
- Ludwig von Mises Institute
- Credit Bloggers
- Millionaire Now! by Larry Nusbaum
- Don't Mess With Taxes
- Poor and Stupid
Examples
Morpheus Trading - Sun Aug 24, 2008 06:22AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Thu Aug 28, 2008 02:39AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Boucher On The Big Picture - Thu Aug 28, 2008 05:01PM
Market Needs to Show Volume and Breadth To Signal Next M [read more]
Market Needs to Show Volume and Breadth To Signal Next M [read more]












<< My Home | TheMoneyBlogs Home