Prices paid in the U.S. for medical devices, including those that regulate the heart’s rhythm and replacements for hips and knees, have plunged as much as one- third since 2007 as hospitals clamped down on spending.
T. Mark Jones learned about the costs and benefits of health-care delivery when he treated AIDS patients in Key West, Florida, in the late 1980s. The pharmacy he co-founded -- unusual at the time -- provided a humane last step for gay men who didn’t want to spend their final weeks confined to a hospital.
U.S. medical-device manufacturers are looking anxiously across the Atlantic as the European Union prepares to tighten the process to approve new products, a step companies say will crimp their lifeline to funding and patients.
Medtronic Inc .’s device enabling diabetics to continuously monitor their blood-sugar levels was almost three times as effective as standard therapy at controlling their glucose in a study. Children also benefited.