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> The entire medical regulatory and compliance system is overly complex. And big companies take advantage of their position as the only ones who can navigate s
by jagger27 7y ago
> The entire medical regulatory and compliance system is overly complex.
And big companies take advantage of their position as the only ones who can navigate such a system to justify their sky high prices, and then they lobby to maintain that position.
The valve in question looks to be for IV drug delivery, which is not a new technology. It's probably just a simple check valve.
- AnthonyMouse 7y ago> And big companies take advantage of their position as the only ones who can navigate such a system to justify their sky high prices, and then they lobby to maintain that position. This is something most people don't comprehend. People tend to think that it's the government putting in place these regulations and the companies are against them, but more often than not the regulations exist at the behest of the incumbents to constrain competition.
- ASalazarMX 7y agoIt's hard to climb up, but it's harder to stay at the top, so they put barriers behind once they have reached high enough.
- rbanffy 7y agoIn a sense, it's the government. It's just that, thanks to massive donations, committee stuffing and other shenanigans, they got to write the regulations themselves.