YOWZA!

Every once in a while, innovation comes our way, courtesy of someoen that didn’t want to just do it the same old way:

Instead of vials of blood—one for every test needed—Theranos requires only a pinprick and a drop of blood. With that they can perform hundreds of tests, from standard cholesterol checks to sophisticated genetic analyses. The results are faster, more accurate, and far cheaper than conventional methods. The implications are mind-blowing. With inexpensive and easy access to the information running through their veins, people will have an unprecedented window on their own health. And a new generation of diagnostic tests could allow them to head off serious afflictions from cancer to diabetes to heart disease. None of this would work if Theranos hadn’t figured out how to make testing transparent and inexpensive. The company plans to charge less than 50 percent of the standard Medicare and Medicaid reimbursement rates. And unlike the rest of the testing industry, Theranos lists its prices on its website: blood typing, $2.05; cholesterol, $2.99; iron, $4.45. If all tests in the US were performed at those kinds of prices, the company says, it could save Medicare $98 billion and Medicaid $104 billion over the next decade.

That’s making healthcare affodable. I am sure the government will find a way to run her company out fo business for her better connected and wealtheir competitors. She’s in CA afetr all.

Comments are closed.

  1. Seattle Outcast

    First thing they will do is declare that it isn’t approved by the FDA or some such thing, push her out of business, and then hand the technology over to someone that makes large campaign contributions.

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  2. hist_ed

    DAMMIT THEY MUST NOT BE ABLE TO MAKE OBSCENE PROFITS FROM THIS. WE NEED TO TAX THESE NEW TESTS HEAVILY SO THAT THESE PEOPLE DO NOT GET AN UNFAIR AMOUNT OF MONEY. THEN WE MUST GIVE THIS MONEY TO PEOPLE WHO DON’T WORK OTHERWISE THIS INVENTION WILL CONTRIBUTE TO THE WIDENING INCOME GAP IN AMERICA!!!!!!

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