No. of Recommendations: 6
What new medicine, or treatment did the US government create? If the US government creates a new drug then they can sell it without regard to profit. In reality the only thing the gov't does for new medicines is to increase the cost. Over 25% of the cost of drug research is due to compliance with FDA regulations. The paperwork to submit a new drug application is taller than the Eifel tower and can take over 2 years for approval. Once the drug is produced the FDA can walk into the production facility and shut it down for almost any reason. THe FDA will never say that steps XYZ need to be taken but rather will publish a rule that says the operation must maintain complete records. THe auditor then gets to decide what a complete record is. If they want something you never thought of yuor facility is down for several years, the patents on the drugs are gone and so is your company.

If you really care about the American people you would be pushing for less and more efficent regulation of the drug industry not a government run health care program. Pharm companies and teh medical industry are the reason life expectancy rates have risen so much in the last 100 years in this country. Inact sociaized medicine and watch the stagnation in new drug discoveries, and treatments. New diseases are being identified, viruses mutate every day, new and more resistant infections are growing and the government is not going to present the solution. Private industry with the desire for profit is the best chance to solve these problems.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.