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zdk's avatar

I think you're missing part of the story here. Insurance companies rely on FDA approvals to decide what "medical devices" they will reimburse. FDA doesn't touch anything that doesn't make specific health claims, so patient facing chatbots come with no guarantees but also can't charge a lot because of this. The top AI companies are fine with the current setup because they'll get the approvals and regulatory barriers will prevent competitors from making any real money.

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Andrew Smith's avatar

Strong work here, Dan. It seems like we're at a "damned if you do, damned if you don't" phase for regulating AI in medicine. The last thing we want to do is throw out the baby with the bathwater, and yet we have a strong obligation to prevent horrible things from happening.

I think they're going to happen, and we're going to deal with them and learn from them, but it's going to be really ugly for a few transitional years. I love the idea of having a dedicated "clinical AI" type department, and I do see this happening, but not right away. The interim is going to be very chaotic.

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