The Changing Economics of Medical Technology

Americans praise medical technology for saving lives and improving health.

Yet, new technology is often cited as a key factor in skyrocketing medical costs. This volume, second in the Medical Innovation at the Crossroads series, examines how economic incentives for innovation are changing and what that means for the future of health care. Up-to-date with a wide variety of examples and case studies, this book explores how payment, patent, and regulatory policies?as well as the involvement of numerous government agencies?affect the introduction and use of new pharmaceuticals, medical devices, and surgical procedures. The volume also includes detailed comparisons of policies and patterns of technological innovation in Western Europe and Japan. This fact-filled and practical book will be of interest to economists, policymakers, health administrators, health care practitioners, and the concerned public. Table of ContentsFront Matter1. An Introduction to the Changing Economics of TechnologicalInnovation in Medicine2.

The Diffusion of New Technology: Costs and Benefits to HealthCare3.

The Changing Economics of Pharmaceutical Research andDevelopment4.

Public Policy and Access to New Drugs: The Case of CancerChemotherapy5.

The Impact of Public Policy on Medical Device Innovation: A Caseof Polyintervention6.

The Dynamics of Medical Device Innovation: An Innovator'sPerspective7.

Reimbursement and the Dynamics of Surgical Procedure Innovation8.

European Policies Influencing Pharmaceutical Innovation9.

Medical Device Innovation and Public Policy in the EuropeanEconomic Community10.

Japan's Pharmaceutical Industry Postwar EvolutionAppendix A: The Impact of Regulation and Reimbursement onPharmaceutical InnovationAppendix B: The Economics of Pharmaceutical Research andDevelopment: An Industry PersepectiveAppendix C: ContributorsIndex