In the following video, Adam Thierer, a senior research fellow at the Mercatus Center talks about the concept of Permissionless Innovation.
Some of the services that enable Doctors On Demand model (or Uber for Doctors) are seeing good results, but there are tremendous battles in the form of government regulation and bureaucracy for technology startups trying to innovate. Adam provides example of telemedicine companies that are facing tough regulations in some states, and makes a case that healthcare startups should be allowed to innovate like any other technology startup.
We do think he has valid points because all these regulations requiring companies to get approvals and licenses every step of the way are mere bottlenecks. As Adam points out, these restrictions lead to fewer services, higher costs, and less access to health care. But, allowing such innovation means big changes for the healthcare systems. Is it even possible? Please watch the video and share your thoughts in comments..