January 26, 2015

Health Care Innovation Through Less Regulation

Richard A. Williams

Senior Affiliated Scholar
Summary

The next big wave of innovation, if it is allowed, is in health. The only question is whether we will embrace the new pioneers of health innovation or smother them in wet woolen blankets of regulation. The choices are fairly stark: We can settle for the status quo of turning everything into a “policy” or embrace policy-less innovation.

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The next big wave of innovation, if it is allowed, is in health. The only question is whether we will embrace the new pioneers of health innovation or smother them in wet woolen blankets of regulation. The choices are fairly stark: We can settle for the status quo of turning everything into a “policy” or embrace policy-less innovation.

There are four big areas where we can improve health in order to prevent or ameliorate disease and injury: 1) nutrition; 2) medicine; 3) medical devices; and 4) exercise. Given the surplus of information freely available to inventors online, new ideas in each of these areas are springing up like wildflowers.

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