• DocumentCode
    1171812
  • Title

    For cost-reducing technologies, knowing markets is to change them

  • Author

    Huefner, Robert P. ; Waitzman, Norman ; Andrade, Joseph D. ; Kern, Steven E.

  • Author_Institution
    Political Sci. Dept., Utah Univ., Salt Lake City, UT, USA
  • Volume
    22
  • Issue
    1
  • fYear
    2003
  • Firstpage
    26
  • Lastpage
    31
  • Abstract
    Benefiting from an understanding of economic and political markets includes recognition that engineers themselves can change these environments. Understanding healthcare and other technology markets includes an understanding that the markets sometimes don\´t just exist-they are altered and sometimes created by the technology. A less expensive and more effective means to monitor a disease such as PKU enhances the likelihood that insurers will cover costs of such monitoring. Recognizing the complexity of economics and policy recognizes that understanding sometimes comes in a burst of insight but more usually, and surely, builds in steps. Since improvements in quality of life are inadequately captured by the market, will political "markets" develop subsidies or regulations to encourage technology?.
  • Keywords
    diseases; health care; marketing; patient monitoring; reviews; PKU disease monitoring; changing markets; cost-reducing technologies; insurers; knowing markets; life quality improvements; monitoring costs; regulations; subsidies; technology encouragement; Amino acids; Biomedical monitoring; Biotechnology; Condition monitoring; Costs; Environmental economics; Heart; Medical services; Patient monitoring; Product design;
  • fLanguage
    English
  • Journal_Title
    Engineering in Medicine and Biology Magazine, IEEE
  • Publisher
    ieee
  • ISSN
    0739-5175
  • Type

    jour

  • DOI
    10.1109/MEMB.2003.1191446
  • Filename
    1191446