View Single Post
Old 03-29-2020, 10:45 PM   #92
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
Same old story...

Quote:
Thirteen years ago, a group of U.S. public health officials came up with a plan to address what they regarded as one of the medical system’s crucial vulnerabilities: a shortage of ventilators.
The breathing-assistance machines tended to be bulky, expensive and limited in number. The plan was to build a large fleet of inexpensive portable devices to deploy in a flu pandemic or another crisis.
Money was budgeted. A federal contract was signed. Work got underway.
And then things suddenly veered off course. A multibillion-dollar maker of medical devices bought the small California company that had been hired to design the new machines. The project ultimately produced zero ventilators.
They had finished the design and sent three samples to Washington for evaluation. They performed and were a third of the price of the machines sold by the giant that bought the company for $100 million then asked the government for $1.5 million more, got it and promptly assigned everyone working on it to different projects. Later the giant was bought by Medtronic who says, What ventilators?
__________________
The descent of man ~ Nixon, Friedman, Reagan, Trump.
xoxoxoBruce is offline   Reply With Quote