5 ms·
Medtronics killed the low cost ventilator
- Isamu 7y ago> The problem is that monopolies aren't just bad because they raise prices, they're bad because they are monopolies. The specific harms raised are valid, but I get tired of this generalization. The Bell System was an example of a well regulated monopoly.
- georgeecollins 7y agoSome monopolies are necessary, like utilities. But they need to be regulated.
- mgms3535 7y agoThere are clear arguments that Bell was managed like a national utility and they ended up allowing all use of their massive parent portfolio for free
- mips_avatar 7y agoNytimes daily podcast covered this today. https://www.nytimes.com/2020/03/31/podcasts/the-daily/coronavirus-medical-supplies-shortages.html https://www.nytimes.com/2020/03/31/podcasts/the-daily/corona... Super frustrating how the interests of the healthcare industry aren't aligned with national health.
- Spooky23 7y agoNo, conservative economic and legal policy combined with judicial activism killed antitrust and other regulation, which enables bad market behavior.
- doggodad 7y agoIt's "Medtronic," not "Medtronics." Also, the AARC recommended in 2006 and 2008 that HHS add 10k+ ventilators to the SNS, but they didn't. The SNS ventilators that were stored were mostly unmaintained and unusable thanks to the lack of maintenance funding. https://www.aarc.org/wp-content/uploads/2018/08/issue-paper-acquisition-of-ventilators-2008.pdf https://www.aarc.org/wp-content/uploads/2018/08/issue-paper-...