In the past few years, the rising costs of many prescription drugs has been a controversial issue. Many important and life-saving drugs have seen their prices skyrocket in the last five years, and some medicines have had this issue since the early 2000s. For example, the cost of insulin nearly tripled between 2002 and 2013. …
As technology continues to produce numerous devices, one field that has benefited greatly has been the medical profession. With treatment becoming more specialized in all facets of medicine, various types of medical devices are now being used to treat patients who may be suffering from anything from the common cold to cancer and other ailments. …
As recently as 20 to 30 years ago, manufacturers of medical equipment had one of the best marketing strategies to have been developed since the dawn of the Industrial Revolution: Sell a piece of equipment Wait 3 or 4 years Convince original customer that the equipment is now outdated Sell replacement Repeat steps 1 – …