Aspen, CO (PRWEB) July 02, 2013
Increased prevalence and severity of Type 2 diabetes is a major threat to our country's health and a significant driver of healthcare expense," said Kenneth L. Davis, MD, President and Chief Executive Officer of The Mount Sinai Medical Center in New York in an Aspen Ideas Festival interview with Richard Besser, MD, Chief Health and Medical Editor at ABC News. "Patients, physicians and policymakers must act in order to change behaviors and orchestrate change."
“Some drivers of health care costs are under our control, like what we eat and how much we exercise," said Dr. Davis. "We must look at issues such as the increased sugar consumption and the amount of sugar in processed foods. The answer lies in public policy changes that will affect change in our behaviors."
Speaking on the topic of “What Is Healthcare Going to Look Like in 25 Years" on June 30, Dr. Davis also described current and future medical breakthroughs. "Parents who use in vitro fertilization can now decide which embryo to implant, based on genetic sequencing of each embryo in order to help prevent the risk of various diseases such as breast cancer and Alzheimer’s,” he said. As for the future, Dr. Davis predicts major breakthroughs in cancer and foresees the day when “clinicians will be able to inject cartilage into the knees of patients, made from their own stem cells, in order to avoid joint replacement."
As a researcher who conducted the proof-of-concept studies that led to the approval by the U.S. Food and Drug Administration of three drugs for the treatment of Alzheimer’s disease, Dr. Davis called for the reform of patent laws to increase incentives for pharmaceutical companies, and to extend market exclusivity. “We must align public policy with a business model that will support the development of new drugs," said Dr. Davis. Noting that a new deadly virus has emerged in the Middle East, Dr. Davis says that incentives must be provided to pharmaceutical companies to avoid epidemics and protect us. Market exclusivity must also be created for innovative compounds that can deal with the nation's most devastating conditions for which there is no preventive treatment such as Alzheimer's disease and the consequences of Type 2 diabetes.
In the interview with Dr. Besser, Dr. Davis also addressed:
To watch a webcast of Dr. Besser’s interview with Dr. Davis held Sunday, June 30 in Aspen, Colorado, go to: http://www.aspenideas.org/session/what-health-care-going-look-25-years. For a transcript, please contact newsmedia(at)mssm(dot)edu.
At another panel, Dr. Davis spoke on “What's Holding Back Medical Progress?” Other panelists included Anthony Coles, MD, Chairman and CEO of Onyx Pharmaceuticals; Margaret A. Hamburg, MD, Commissioner of the Food and Drug Administration; Moncef Slaoui, PhD, Chairman of Research and Development at GlaxoSmithKline. Moderator: Elliot Gerson, Executive Vice President at the Aspen Institute. Dr. Davis expressed opinions on topics including:
To watch a webcast of the panel on what’s holding back medical progress held Sunday, June 30, go to: http://www.youtube.com/user/AspenInstitute?v=yfXKWruwpI4.
“Can We Afford Our Health?" was another panel Dr. Davis participated in which was moderated by Kevin Vigilante, Senior Vice President of Booz-Allen Hamilton. In order to cut health care costs, Dr. Davis called for administrative simplification, incentivizing advanced directives for end-of-life care and changes in patent law so Big Pharma could be realigned with academic medical centers as a source of discovery. Other panelists include Peter Orszag, PhD, former Director of the U.S. Office of Management and Budget under President Barack Obama, and Robert Rubin, former U.S. Secretary of the Treasury under President Bill Clinton.
Dr. Davis also gave his insights on how medical centers manage to stay afloat in the current environment where margins are shrinking. "As technology marches on, our expenses increase while our revenues decrease," said Dr. Davis. "As a result, medical centers must cross subsidize for the services they perform. But a margin is needed for innovation in biomedical research, otherwise the research pipeline will run dry."
To watch a webcast of the "Can We Afford our Health" panel held on July 1, go to: http://www.youtube.com/user/AspenInstitute?v=NkszfSINGD0
The Aspen Ideas Festival was held in Aspen, Colorado, from Wednesday, June 26 through Tuesday, July 2, 2013. Mount Sinai is the first medical center to sponsor the Festival, now in its ninth year. The Festival gathers transformational thinkers and leaders from the United States and around the world to discuss their work, the issues that inspire them, and their ideas. Presented by the Aspen Institute and The Atlantic magazine, the Festival is unique in its dedication to dialogue and exchange, and in its commitment to bringing ideas to the public at large
For updates on Mount Sinai’s activities in Aspen:
About The Mount Sinai Medical Center
The Mount Sinai Medical Center encompasses both The Mount Sinai Hospital and the Icahn School of Medicine at Mount Sinai. Established in 1968, the Icahn School of Medicine is one of the leading medical schools in the United States, and is noted for innovation in education, biomedical research, clinical care delivery, and local and global community service. It has more than 3,400 faculty in 32 departments and 14 research institutes, and ranks among the top 20 medical schools both in National Institutes of Health funding and by U.S. News & World Report.
The Mount Sinai Hospital, founded in 1852, is a 1,171-bed tertiary- and quaternary-care teaching facility and one of the nation's oldest, largest and most-respected voluntary hospitals. In 2012, U.S. News & World Report ranked The Mount Sinai Hospital 14th on its elite Honor Roll of the nation's top hospitals based on reputation, safety, and other patient-care factors. Mount Sinai is one of 12 integrated academic medical centers whose medical school ranks among the top 20 in NIH funding and by U.S. News & World Report and whose hospital is on the U.S. News & World Report Honor Roll. Nearly 60,000 people were treated at Mount Sinai as inpatients last year, and approximately 560,000 outpatient visits took place.
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