Why it’s maddening

Why it’s maddening

We really don’t want to end the year on a rant but what the heck. Diabetic Investor along with many others recently read the results from the Blood Glucose Monitor System (BGMS) Surveillance Program conducted by the Diabetes Technology Society. According to the DTS web site:

“The Diabetes Technology Society Blood Glucose Monitor System (BGMS) Surveillance Program was established because of evidence that cleared BGMSs do not always achieve levels of accuracy matching either: 1) their performance that resulted in becoming cleared by FDA; or 2) international standards of accuracy.”

Well the results are in and of the 18 meters tested only 6 cut the mustard. Now we will not list who won and who lost, nor will we go into detail about how these meters were tested- all this information can easily be found. But let’s look at what has happened since these results were released.

Of course, social media is going nuts with these results. Now before we go any further let’s get a few things straight;

1. Just because social media goes nuts does not mean this is how the entire patient population feels. As Momma Kliff used to say those who scream the loudest tend to get heard even when they’re in the minority.

2. We have never believed meter accuracy is a big deal and we still don’t. The majority are accurate enough and meter readings are just one variable considered when dosing insulin.

3. BGM is history and CGM is becoming the standard for glucose measurement, so who cares.

4. It won’t be long before ALL CGM systems are factory calibrated and won’t require ANY fingersticks by the patient. So, who cares number two.

5. CGM is coming down in price and will eventually reach a level where it is on par with BGM. So, who cares number three.

Here is what we find laughable the good people at the Diabetes Technology Society and their friends in the West Coast Mafia are the same people who screamed long and loud that test strips we’re too expensive. Then competitive bidding comes along which is the last nail in the BGM coffin and these people want meter companies who have seen margins shrink to spend more money making their meters more accurate.

Now you would think with Johnson and Johnson (NYSE: JNJ) selling LifeScan and the rest of the meter world sinking into the abyss, these people would get with the program. But nope let’s make a mountain out of molehill. And we thought only companies in this wacky world could screw up a peanut butter and jelly sandwich.

Folks at some point everyone must accept some pesky facts;

1. The BGM market is dying a slow and very painful death. In five years we predict that global sales, not just US sales, will fall by 75% from where they are today.

2. Over the same five-year period we project hat CGM usage will increase tenfold from where it is today.

3. METER ACCUARCY DOES NOT MATTER AND EVEN IF METERS WERE 100% ACCURATE IT WOULD NOT CHANGE A DAMN THING, THIS MARKET IS HEADED DOWN THE TOLIET.

4. METER ACCURACY IS NOT AND NEVER HAS BEEN TIED TO BETTER PATIENT OUTCOMES THERE IS NOT ONE STUDY THAT CAN PROVE THIS.

5. Once again everyone is missing the point, maybe 10 years ago this information would have mattered but today who cares.

It would be nice to believe that in the coming year and beyond everyone would focus their attention on things that really matter. That they would stop all the hypocrisy and do something, anything that would help patients with diabetes. Why not focus on getting payors to make getting all these whiz bang way cool toys easier? Nope that would help industry make money and we can have known of that. No as keepers of the supposed moral high ground let’s concentrate on things that grab headlines but don’t do a damn thing for the patient.

The reality is these people scream long and loud on social media. They write foolish letters complaining when a company does something good for patients. They speak out of both sides of their mouths one day praising the Empire the next claiming this Empire evil. They take up causes which are meaningless to most patients but are very near and dear to their narrow minded circle of followers. The bottom line is they are like children seeking attention, they want their fifteen minutes of fame.

Social media has many benefits, but it is not the end all be all. Last year we witnessed Donald Trump get elected president when every poll, all the talk on social media said Hillary Clinton would win and win by a wide margin. Well Donald Trump for better or worse is now our President and Hillary Clinton is now out promoting her book. As Momma Kliff used to say no matter what the facts are there will always be a group of people who cannot accept them as it’s just so much easier to live in their own fantasyland rather than deal with the harsh realities that are staring them in the face.