Ok, this is straight out of Spinal and Epidural Anesthesia by Cynthia Wong:
" Neuraxial anesthesia has been safely used for the management of patients with a shunt without complications. Although some have argued that radiologic studies should be performed in order to ascertain the exact location of the shunt prior to initiating a neuraxial technique, others have performed neuraxial techniques safely without the aid of imaging studies. There are no reported cases of trauma to the spinal portion of a lumboperitoneal shunt. Shunts are typically located at a low intervertebral space (L3-L4 or L4-L5) and the tubing runs laterally to the peritoneum. Common sense dictates the insertion of the needle at an intervertebral space below or above the scar, depending on the location of the shunt. There is also concern that drugs in the CSF may leak into the atrium or peritoneum, depending on the shunt type. Therefore, theoretically, a single-shot spinal is not the preferred neuraxial technique. Because of the risk of shunt infection, it has been recommended that prophylactic antibiotics be administered prior to initiating neuraxial techniques.
Symptoms of shunt failure, such as headache and increased ICP, may be confused with postdural puncture headache. Safe and successful performance of an epidural blood patch has been reported in a patient with a lumboperitoneal shunt. Although there are no reported cases of patients with third ventriculostomy receiving neuraxial techniques, neuraxial anesthesia is not contraindicated and the decision as to the type of anesthesia should be based on surgical considerations and the neurologic status of the patient.
Table 5-2 Anesthetic Considerations of Patients with Increased ICP
Neuraxial Anesthesia:
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May attenuate the increased ICP that results from painful uterine contractions
Dural breach may increase the supratentorial-infratentorial pressure gradient and result in brain herniation
Epidural drug injection may increase ICP
General Anesthesia:
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Induction, airway manipulation, and emergence may increase ICP
Some drugs such as succinylcholine may increase ICP"
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So again, I'd personally prefer to stay away from an epidural in this population, but I can see how I might get talked into it if the situation warranted. Additionally, I thought the part about giving prophylactic antibiotics before placing the epidural was interesting, and put my mind a little more at ease with regards to introducing bugs in these pts.