The inclusion of a tax on medical devices has opponents of the Patient Protection and Affordable Care Act arguing that manufacturers will be less inclined to pursue new life-saving and cost-cutting technologies. In response, some health professionals are looking to developing nations — where expensive treatments remain financially unrealistic — for inspiration.
It is known as "reverse innovation" — the idea that doctors who assist in providing care in developing countries often return with fresh approaches to treatment — and it's becoming more common as costs in the United States continue to rise.
A recent series profiling Bangladesh's creative approach to care, published in The Lancet medical journal, attributes that country's health advances to a continued focus on mobilizing community health workers, as well as a government commitment to partnerships with not-for-profit organizations.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.