President Obama made a big show about cutting “red tape” government regulations that kill jobs and hurt the economy. In addition, members of the Obama administration, including his wife, Michelle, claim they want to improve the health and well-being of Americans. If these are genuine policy goals of the current administration then a good place to start would be to stop the FDA from instituting any new policies.
A news story today told the good news that the FDA approved a device for the iPhone that would combine a plug-in blood pressure monitor with an application purchased in the app store to monitor the health of the user. According to a two-year long study conducted by the Brookings Institution and the Kauffman Foundation, remote medical reporting such as blood pressure monitoring could save the nation nearly $200 billion in health care costs over 25 years.
According to remarks by economist Robert E. Litan, the study’s author, who is the Vice President for Research at the Kauffman Foundation and Senior Fellow at Brookings:
Widespread use of remote monitoring over broadband networks, located in both institutions and homes, to track vital signs of patients with chronic diseases such as congestive heart failure and diabetes is a critical and urgent development. “Remote monitoring can spot health problems sooner, reduce hospitalization, improve life quality and save money.”
Litans made his remarks earlier this year at a health forum sponsored by the Better Health Care Together coalition (BHCT). Participants at that forum suggested that the way to achieve wide-spread usage of devices like the cuff is to have larger insurance payouts for hospitals in order to fiscally incentivize their integration.