“Rumors and images are are rapidly crossing even the broadest of internet canyons with Apple’s highly rumored forthcoming HealthBook App,” Mark Reschke writes for T-GAAP. “Apparently, anything from weight to oxygen saturation can be monitored. How? Many solutions may require a third party device, but others are speculating an Apple iWatch will be able to accomplish all but the most technical of health related items.”
“With the Affordable Care Act (ACA) in full swing, questions are being asked as to whether the health and mobile high-tech convergence will be the next area of big Government regulation?” Reschke writes. “Massively large health companies, working on both software and hardware solutions, are highly likely to lobby Congress for massive regulation over any and all newcomers in the mobile health arena.”
“Apple, able to deploy millions of devices and services within days of their initial offerings, may be entering a new world of Government oversight they have yet to experience. With the ACA suffering from a lack of enrollment from younger Americans, experiencing a lack of financial support as a result, political maneuvering to find funding for the program is a likely next step, one where Apple may be seen as a great recourse of abundant cash through abundant regulation,” Reschke writes. “If Apple brings forth some amazing technology, all that is needed is for a few ambulance chasing lawyers to see big dollars due to an app crash or bug. Politicians will be close behind, waiting to reap political and financial rewards from those who back them.”
Read more in the full article here.