Profile image
By Ed Dolan (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

The Looming Blood Surplus: A Case Study in Supply and Demand

Sunday, September 14, 2014 22:09
% of readers think this story is Fact. Add your two cents.

B4INREMOTE-aHR0cDovLzIuYnAuYmxvZ3Nwb3QuY29tLy1LcGdyUWVFQUlKWS9WQlpSNlJHOXJaSS9BQUFBQUFBQUFmYy9fbVVOX3lDdzUtZy9zMTYwMC9QMTQwOTE1LTFwLnBuZw==A market for blood? Many Americans, used to being rewarded for a donation with a warm feeling of talking to WPTV of West Palm Beach, Florida.
public service rather than cold cash, might see the idea as offensive. “I would guess 99 percent of people don’t know that blood is sold,” says Ben Bowman, CEO of General Blood, a national blood brokerage firm,

Yes, there is a blood market, a big one with a turnover of $3 billion per year by some accounts, and it is entering a period of turmoil.

Demand

Just a few years ago, people thought an aging population, in need of more hip replacements and heart bypasses, would mean an endlessly rising demand for blood. In recent years, though, doctors have come to realize that transfusions, life-saving though they can be, have a downside. The cost of unnecessary transfusions is one consideration, but the risk of transmitting disease is the real negative.

As anesthesiologist, Josh Martini remarked to Minnesota Public Radio, “I was told in medical school, ‘don’t bother giving one unit, you should just give two if you’re going to give any.’” Now, he says, the mantra is changing to “why give two, when one will do?”>>>Read More

Follow this link to view or download a brief slideshow with supply-and-demand graphics that can be used as an in-class quiz or independent reading for students.



Source: http://dolanecon.blogspot.com/2014/09/the-looming-blood-surplus-case-study-in_14.html

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

Top Global

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.