Will Apple Disrupt Big Pharma and Health Insurance
I suspect this will not go well for Apple. Here is my reason.
Apple has a reputation as an industry disrupter. When Apple decides to enter a market, the establish players in that market find that the ground shifts below their feet. The old cartels are threatened.
Big Pharma and the health care industry are one of the most entrenched cartels out there. They have Congress in their pocket. The FDA in effect works for them. The FDA's job is not to improve the health of the US citizens. It is to protect established big phara players from competitors. It is there to stifle innovation that might lower prices, or god forbid, eliminate a profitable disease.
The only way Apple will find the FDA helpful is if they make apps and hardware that help hypochondriacs seek more medical care and medicine. If your iPhone starts nagging you to buy some blood pressure medication, instead of getting you healthy enough to not need medication, then they will find approval with the FDA.
I'm sorry that I seem to pessimistic. But the evidence of the last 20 years shows that our government was sold to corporate America. Corporate crimes are simply no longer punished. Instead, Congress just continues to give them legal protection and tax breaks. The financial regulators have completely sold out. Why would the health care industry be any different?
I suspect this will not go well for Apple. Here is my reason.
Apple has a reputation as an industry disrupter. When Apple decides to enter a market, the establish players in that market find that the ground shifts below their feet. The old cartels are threatened.
Big Pharma and the health care industry are one of the most entrenched cartels out there. They have Congress in their pocket. The FDA in effect works for them. The FDA's job is not to improve the health of the US citizens. It is to protect established big phara players from competitors. It is there to stifle innovation that might lower prices, or god forbid, eliminate a profitable disease.
The only way Apple will find the FDA helpful is if they make apps and hardware that help hypochondriacs seek more medical care and medicine. If your iPhone starts nagging you to buy some blood pressure medication, instead of getting you healthy enough to not need medication, then they will find approval with the FDA.
I'm sorry that I seem to pessimistic. But the evidence of the last 20 years shows that our government was sold to corporate America. Corporate crimes are simply no longer punished. Instead, Congress just continues to give them legal protection and tax breaks. The financial regulators have completely sold out. Why would the health care industry be any different?
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