One of the many good parts of the Forrest Gump story/film is when, in the 1970’s, a portion of the profits from the Bubba Gump Shrimp Company are successfully invested in “some kind of fruit company” — which is how the lead character describes the surprisingly profitable Apple Inc. The multinational technology company continues to be wildly profitable, and the latest announcement (mentioned above) about Apple’s collaboration with electronic health record companies should not go unnoticed. This so-far-successful attempt by Apple to create a way for people to easily access, navigate, and act on their own health care experiences is a watershed moment, and more than Google and Microsoft and others were able to accomplish when they tried to do it. Which makes the confirmation of the famously anti-Big Tech professor, Lina Khan, as an FTC Commissioner particularly interesting. She has said this about leading technology companies: “Even when services are good for consumers, they can hurt a whole set of other interests – be it workers, be it business formation, be it democracy at large.” With an attitude like that leading our fair trade police, and five new antitrust bills being introduced in Congress that are aimed at Big Tech, what will happen to the good works these tech companies are doing for our healthcare system? Apple and the other tech companies may consider what Forrest Gump’s mama said, if they want to stay out of the regulator’s crosshairs: “There’s only so much fortune a man really needs… and the rest is just for showing off.”
June 17, 2021 | 3 min read
June 17, 2021
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