Researchers from the Milken Institute examined insulin pumps used to diagnose and treat diabetes. What did they find? While people using pumps face higher upfront costs than those who self-inject insulin, pump users visit emergency rooms less and are not as likely to experience the most expensive side effects of diabetes, like amputations, kidney failure or blindness. In the United States, each pump user saves the health care system $608. Furthermore, pump users participate in the workforce at higher rates and are more produc- tive. Consequently, on average they contribute $5,278 more per person to the U.S. economy than do those who self-inject insulin. 2 Health Savings from Medical Technology THE VALUE OF MEDICAL TECHNOLOGY 1 To view the full study, visit: http://lifechanginginnovation.org/get-facts 2 National Center for Health Statistics. "Health, United States, 2015" Hyattsville, MD. May 2016. 3 National Center for Health Statistics. (2013, March 14). Table 103 – Discharges, days of care, and average length of stay in nonfederal short-stay hospitals, by selected characteristics: United States, selected years 1980 through 2009-2010. Retrieved March 15, 2013, from Centers for Disease Control and Prevention: http://www.cdc.gov/nchs/data/hus/2011/103.pdf. Medical technologies allow people to live longer, healthier and more productive lives. These life-changing innovations encompass more than 14,000 product categories, from bandages and surgical instruments to imaging devices and mobile phone applications. They are vital in the prevention, diagnosis, and treatment of health conditions and, therefore, fundamental to the quality of healthcare systems for patients, their families, and medical professionals. In addition, medical technologies generate economic returns that are substantially greater than their costs, meaning that advanced medical devices and diagnostics not only bring immense benefit to individuals, but a brighter economic future for countries as a whole.1 Some technologies increase direct health costs in the short term. However they drive long-term costs down by reducing the need for hospitaliza- tion, drugs or other treatments. And by allowing people to return to work sooner and preventing disability, they also raise GDP, increase personal income and generate additional tax revenue. Continued investment in medical devices and diagnostics, and policies that support enhanced investment for them, will generate larger net savings over time. DID YOU KNOW? • Over the past 30 years, medical advancements have helped add five years to life expectancy in the United States and reduce fatalities from heart disease and stroke by more than 50 percent.2 • Between 1980 and 2010, advanced medical technologies have helped reduce the number of days people spent in hospitals by 59 percent.3 ?