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|Articles - May 2013|
|Monday, April 29, 2013|
Page 4 of 5
The U.S. is renowned for health care innovation, and new medications, devices and techniques have revolutionized standard practices many times over in the last quarter century. However, newfangled technologies have a price. Portland-based HemCon Medical Technologies, for example, developed a novel type of bandage formulated using the substance chitosan, derived from shrimp, which rapidly stops bleeding on the battlefield and beyond. The fact that HemCon became Oregon's biggest corporate bankruptcy of 2012 after being sued for patent infringement illustrates that stakes are high in health care technology. Companies spend many years developing products, investing millions, awaiting FDA approval and fending off litigation. So if and when brand-name drugs or medical devices finally hit the market, prices must be inflated way above manufacturing costs to cover all the R&D, marketing and intellectual property fees before patents run out or the technology becomes obsolete.
These demands fuel medical inflation. In 2012, Portland-Salem’s consumer price index (CPI) for medical care was 262 points above CPI for all other items, and it has greatly surpassed U.S. medical care CPI since 2007. Prescription drugs are one of the fastest growing among medical care CPI components, and Oregonians have been heavier-than-average drug consumers. In 2011, Oregonians per capita filled 13.3 retail prescription drugs at pharmacies, versus 12.1 across the county, according to the Kaiser Family Foundation.
Health care companies will continue to face battles bringing products to market, and it’s unlikely patients’ hunger for better drugs and technologies will be sated anytime soon. But if consumers can become more cognizant of the costs of their care — even as an employer or insurance company foots the bill — they might aid its cost-effectiveness.
SOURCE: CENTERS FOR DISEASE CONTROL AND PREVENTION
SOURCE: U.S. BUREAU OF ECONOMIC ANALYSIS
Tuesday, October 06, 2015
BY CHRIS NOBLE
As we worked on the October cover, it became evident that Nick Symmonds is a hard man to catch — even when he’s not hotfooting it around a track.
Thursday, September 10, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
The Oregon Office of Economic Analysis released a report on the vitality of rural Oregon this week. Media reports focused on the number of Californians moving to the "Timber Belt," but the document contained other interesting insights regarding regional challenges and successes.
Tuesday, September 15, 2015
BY LINDA BAKER
The 2016 presidential election is shaping up to be the year of the outsider, with Bernie Sanders and Donald Trump capturing leads in the polls and the headlines. In Portland, Wheeler vs. Hales is bucking the outlier trend.
Monday, September 28, 2015
BY LINDA BAKER
Bill Levy of Pacific Ag talked to Oregon Business about new residue markets, the company’s growth strategy and why a biofuel plant is like a large cow.
Thursday, August 27, 2015
BY LINDA BAKER
How do you put a baby on the cover of a business magazine without it looking too cutesy?
Wednesday, September 09, 2015
BY CHRIS NOBLE | ART DIRECTOR
Wednesday, September 30, 2015
BY LINDA BAKER | EDITOR
The media coverage about Pope Francis must have put me in a Biblical frame of mind. Because after touring the latest phase of the South Waterfront development, a mind boggling 1.5 million square feet of office and retail space that will spring up north of the aerial tram over the next few years, I couldn’t stop thinking about the massive project as a modern day creation story.
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