How business, doctors and journalists prey on your food anxieties I

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JOHN WALLACE HAS ARRIVED . WAIT NO MORE . THE ROBERTSON STEPHENS GROWT'H & INCOME FUND Now open for investment. For a prospectus, please call : 800-766-3863 exc : s1o John Wallace, Portfolio Manager A POWERFUL PARTNER ROBERTSON STEPHENS & COMPANY or a prospectus containing more acmplele inFormation, :ncluding management fees <strong>and</strong> exnenses, ccll Robertson, Stephens & Compcny distributor . Read '~.t carefirliy 6e~ore you invest . You should realize that investmeni return <strong>and</strong> principal vaiue will AucNate so that shares, when redeemed, may be worrh mcre or less than crig!nal cost . This advertisement shall not cons5tute an offer to sell or the solicitation of an offer to buy nor shall there be any sales in any state which such offer, solici!aBon or sole would be unlawful prior to registration or qualificafion under the securities laws of any such state . http://legacy.library.ucsf.edu/tid/agf97d00/pdf
I "'I ~ 1 1~ 11111J r iiiil ;l~~~ ii 14 : i : I A White House challenge to telemedicine "W2 V6[IIASOTHER DAM\ COMMISSION On this like we need a hole in the head," complains one member of a ,roup stud\ ing te!emedicine-the apn!ication of tre!ecommunications <strong>and</strong> electronics to medicine . The group is headed br Dr . C . E\ erett Koop, the :ormer U .S . Surgeon General . What irked this corporate health care esecuti%c %cas a courtesr call b% Hillan- Clinton on the mostly pris'ate sector Koop group's meeting at the White House on July 11 . Bur courtesr wasn't at the top of the First Lad% 's agenda . Instead, she informed the group that the White House is about to create its o~~n commission to study telemedicine . The White House's group will be be chaired bv Health & Human Sen-ices Seaetan' Donna Shalala . Many of the Koop group's members suspect the White House is tning to delay remm - ing barriers to telemedicine . The members of the proposed Shalala commission arc not expected to be in place for six months or more . And Shalala's agenaseems to ha~e little interest in telemedicine : Probablc to protect cn il seraicejobs, die Ht-is' Heaith Care Finance Administration, uhich supen'ises the 5250 billion a year spent on bledicare <strong>and</strong> -Medicuid, refuses to hare anything to do ~k'ith telemedicine . P.11 of Nrhich is a shame- Telemedicine is esscntialhabout mocing X rays, CAT scans <strong>and</strong> Out of date indicator other test data di¢itallv, across phone lines . The Koop group's members are top health care people from such diserse companies asATeT, GI . Kaiser Permanente <strong>and</strong> sotrn are maker Oracle Corp . It also includes Defense Department medics aho ha~e considerable practical experience with telemedicine . Done right, telemcdicine has the potential to make top-grade second opinions (even priman7 diagnosis) affordable <strong>and</strong> available more or less amlchere . Simple cost-cutting examples : eliminating duplicate patient records <strong>and</strong> duplicate X ravsTelemedicine is already a $20 billion <strong>business</strong> in the U .S . <strong>and</strong> is expected by the Koop committee to gro%% to S 100 billion in the coming fik e vears or so . But there are barriers that need removal . For example, state licensing of <strong>doctors</strong> would ha e to be eliminated to allo« etficient crossborder diagnosis bv wire . And «hat about malpractice? Who sues whom <strong>and</strong> where over a problem a!legedh• eaused b~remote electronic diagnosisi The Koop group's people saN thet' intend to push on regardless of the ne«, Shalala commission . The group does have one potential weaoon : Thev were convened in the first place bN 1~ice President Albert Gore Jr . If the First Ladv becomes an obstacle . the First Renlacemenr might hare a word «ith her . WHAT i5 .4IIOL;T TO HdPP-\ to im-entorles in the coming months, whether stocks of unsold terpoint . His concern that excess <strong>business</strong> stocks might continue to put a severe crimp in cars or s weaters in retailers' w arehouses, is "a growth has been echoed by mam, other economic crucial element in the near-term outlook for the econonn _" Federal Resen°e Chairman Alan Greenspan warned Congressin mid-Juh,soon torecasters . Greenspan et al . can relax-on this point at least . The buildup of inventon• caused bv die after the Fed had cut interest rates bv a quar- slo~cing of demane9 that began in the fall of !ast year has already peaked (see chrtrr) The chart also suggests that imenton' leve!s ~" have reached a lower plateau as computers are diffused into dte economs . "The combina- -t . .- rionofnearly instantinformationonsales,justt 1 i n-time-de ! ivenststems <strong>and</strong> b rutal competi- '85- '87 '89 '91 '93 _~ w4-Eabe!_Resax 6enF ut St. toud As computerized inventory systems spread, companies can adjust inventory levels faster <strong>and</strong> get by with less . tion means rhat %%•hat used to take 12 months of pain, to ~se>rk down excess stocks, now takes no more than 6 months," says Adrian Dillon, 2L vicc president, p!anning at Eaton Corp. O The speed svith schicl : <strong>business</strong> reacts these M(i dar's to changes iu dem<strong>and</strong> adds its own nesti' Ql; twist to economic volatilite . It also makes it O~ harder for the Fed to trv to micromanage the 1I econom v . These davs, the central bank's W «'eapons, mostly interest rate changes, take ~7 much longer to have an effect, <strong>and</strong> exhibit GD more sariabie lags than decisions made in the nation's boardrooms . 111111111 Forbes m August 14, 1995 37 http://legacy.library.ucsf.edu/tid/agf97d00/pdf
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