This paper aims to demonstrate that any suggestion that there is a need for specific innovation laws is flawed …. Innovation is central to good medical practice and is adequately supported by current law. Methods: The paper reviews the nature … of medical innovation and outlines recent attempts in the UK to introduce specific laws aimed at encouraging’ and …

This paper explores the economic incentives for medical procedure innovation. Using a proprietary dataset on billing … code applications for emerging medical procedures, we highlight two mechanisms that could hinder innovation. First, the … administrative hurdle of securing permanent, reimbursable billing codes substantially delays innovation diffusion. We find that …

Innovation is part idea generation and part development. We build a model of "innovating-by-doing," whereby ideas come … to practitioners. Successful innovation requires that practitioners' ideas be developed through costly effort. Our model ….S. Medicare program on medical equipment innovation. Our model’s structure allows us to infer the Medicare program's aggregate …