The New York Times has an in-depth piece on the economics of implantable medical devices out this morning which is likely to be widely read. The paper notes that hospitals, health care economists and others are concerned about the rising prices of implants and the overall lack of transparency in the market.
Experts are worried that possible conflicts of interest may motivate surgeons to select vendors for the wrong reasons. The paper looks at the example of the market for artificial knees, noting the wide fluctuations in the prices paid by hospitals for components in different areas of the country and on the international market. The Times examines several relationships between doctors and companies doing business in this area.
- see this story from The New York Times