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Medical Product Information Incentives and the Transparency Paradox

Medical Product Information Incentives and the Transparency Paradox
Author: Daniel R. Cahoy
Publisher:
Total Pages: 0
Release: 2013
Genre:
ISBN:

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Recent allegations that essential safety and efficacy information is often suppressed by medical product manufacturers or poorly evaluated by regulators have led to calls for greater information transparency. The public is justifiably concerned that its ability to conduct an informed risk-benefit assessment of drugs and medical devices is compromised. Several changes have already been made to federal regulatory law and medical research policy to mandate greater disclosure, and more are being considered. However, it is possible that these measures may backfire by enhancing significant tort-based economic disincentives for generating new information. In other words, greater disclosure could paradoxically lead to less information. The resulting shortfall could be extremely dangerous and have a detrimental effect on health care for years to come. This paper addresses the crisis on the horizon and proposes a unique solution that connects tort law disincentives to information production incentives. It explains why an economically rational company would be expected to respond to transparency with less information, and proposes a tort liability limitation as a solution that will encourage a cost-internalizing company to increase information production. The paper also considers the impact of the FDA's recent position on preemption along with other regulatory enhancements, and concludes that these are effective, but second-best solutions.


Effective Risk Communication

Effective Risk Communication
Author: Joseph Arvai
Publisher: Routledge
Total Pages: 369
Release: 2013-10-30
Genre: Business & Economics
ISBN: 1136272356

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There are two questions often asked of risk communication: what has been learned from past work, and what is needed to push the field forward? Drawing on the experience of leading risk researchers and practitioners, Effective Risk Communication focuses on answering these questions. The book draws together new examples of research and practice from contexts as diverse as energy generation, human health, nuclear waste, climate change, food choice, and social media. This book treats risk communication as much more than the interchange of risk information between experts and non-experts; rather, it aims to emphasise the diversity in viewpoints and practices. In each specially commissioned chapter, the authors reflect on the theoretical and applied underpinnings of their best projects and comment on how their approach could be used effectively by others. Building upon each other, the chapters will provoke new discussion and action around a discipline which many feel is neither meeting important needs in practice, nor living up to its potential in research. Through a more careful examination of the work already done in risk communication, the book will help develop better, more reflective practice for the future.


Renmin Chinese Law Review

Renmin Chinese Law Review
Author: Jichun Shi
Publisher: Edward Elgar Publishing
Total Pages: 328
Release: 2019
Genre:
ISBN: 1788976746

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Renmin Chinese Law Review, Volume 6 is the sixth work in a series of annual volumes on contemporary Chinese law which bring together the work of well-known scholars from China, offering an insight into current legal research in China.


Symposium

Symposium
Author:
Publisher:
Total Pages: 680
Release: 2009
Genre: Products liability
ISBN:

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Defense Counsel Journal

Defense Counsel Journal
Author:
Publisher:
Total Pages: 422
Release: 2007
Genre: Actions and defenses
ISBN:

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Medizin und Haftung

Medizin und Haftung
Author: Hans-Jürgen Ahrens
Publisher: Springer-Verlag
Total Pages: 1104
Release: 2009-04-15
Genre: Law
ISBN: 3642006124

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Hochkarätige Autoren aus den Bereichen Jurisprudenz und Medizin widmen sich den zentralen Fragen des Medizin- und Haftungsrechts. Sie erläutern aktuelle Entwicklungen und Perspektiven des Fachgebiets. Dabei rücken sie die interdisziplinäre Dimension in das Blickfeld und überschreiten damit die überkommenen Grenzen zwischen Zivil-, Straf- und Öffentlichem Recht. Mit ihren Beiträgen ehren sie Erwin Deutsch anlässlich seines 80. Geburtstags. Er ist der in Deutschland und weit darüber hinaus hochgeschätzte Pionier des Medizin- und Haftungsrechts.


Best Care at Lower Cost

Best Care at Lower Cost
Author: Institute of Medicine
Publisher: National Academies Press
Total Pages: 437
Release: 2013-05-10
Genre: Medical
ISBN: 0309282810

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America's health care system has become too complex and costly to continue business as usual. Best Care at Lower Cost explains that inefficiencies, an overwhelming amount of data, and other economic and quality barriers hinder progress in improving health and threaten the nation's economic stability and global competitiveness. According to this report, the knowledge and tools exist to put the health system on the right course to achieve continuous improvement and better quality care at a lower cost. The costs of the system's current inefficiency underscore the urgent need for a systemwide transformation. About 30 percent of health spending in 2009-roughly $750 billion-was wasted on unnecessary services, excessive administrative costs, fraud, and other problems. Moreover, inefficiencies cause needless suffering. By one estimate, roughly 75,000 deaths might have been averted in 2005 if every state had delivered care at the quality level of the best performing state. This report states that the way health care providers currently train, practice, and learn new information cannot keep pace with the flood of research discoveries and technological advances. About 75 million Americans have more than one chronic condition, requiring coordination among multiple specialists and therapies, which can increase the potential for miscommunication, misdiagnosis, potentially conflicting interventions, and dangerous drug interactions. Best Care at Lower Cost emphasizes that a better use of data is a critical element of a continuously improving health system, such as mobile technologies and electronic health records that offer significant potential to capture and share health data better. In order for this to occur, the National Coordinator for Health Information Technology, IT developers, and standard-setting organizations should ensure that these systems are robust and interoperable. Clinicians and care organizations should fully adopt these technologies, and patients should be encouraged to use tools, such as personal health information portals, to actively engage in their care. This book is a call to action that will guide health care providers; administrators; caregivers; policy makers; health professionals; federal, state, and local government agencies; private and public health organizations; and educational institutions.


The Antitrust Paradox

The Antitrust Paradox
Author: Robert Bork
Publisher:
Total Pages: 536
Release: 2021-02-22
Genre:
ISBN: 9781736089712

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The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.


Medicine's Dilemmas

Medicine's Dilemmas
Author: William L. Kissick
Publisher:
Total Pages: 185
Release: 1994
Genre: Medical
ISBN: 9780300059649

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Dr. Kissick was an active participant in the drafting of Medicare legislation in the 1960s and for the past twenty-five years has held joint positions in a medical school and a business school where he has specialized in healthcare management. Drawing on his long experience in the field, he discusses the dimensions of the current crisis, the financial and medical implications of alternative proposals-- including the program put forth by the Clinton administration--and the requirements for long-term strategies.