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The IQVIA team are serious about getting to the clinical evidence, and this year point out a growing base of over 2,000 studies published since 2007 — 1,500 of which were published in the past five years, so the pace of change is tilting dramatically up and to the right.
As the first line chart illustrates, the peak of medical trend in the last 18 years was in 2007 when the U.S. Here’s a link to PwC’s 2007 study looking behind the numbers, noting that the 11.9% saw double-digit cost growth of nearly 12%.
For example, here’s my Health Populi write-up of Toyota , for example, and its wellness car from 2007. Connected cars are emerging as a “third space” for health and wellness, and Mercedes, Toyota, Honda, Audi and other car companies have been working on concept cars in health for years. Now, consider Humana’s involvement.
Between 2007 and 2014, hospital prices grew 42%. In the words of NPR, “Hospitals are the largest individual contributor to health care costs in the U.S… … over a trillion dollars a year,” which is about one-third of national health spending. “The cost of hospital services has been exploding.
“The hype” for the devices, he says, “is orders of magnitude beyond where the science is.”Columbia But starting in 2007, the technology moved into the consumer sector with increasing fanfare. Scientists have been working on BCIs since the 1970s for medical purposes.
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