Monday, June 29, 2009

A Government Healthcare Plan? You Can't Be Serious

GREAT ARTICLE PUBLISHED TODAY ON AMERICAN THINKER:
http://www.americanthinker.com/2009/06/a_government_healthcare_plan_y.html
June 29, 2009

A Government Healthcare Plan? You Can't Be Serious

By Matthew Council


Excessive Government involvement is what's wrong with our current healthcare system.



One prominent example: FDA regulation and Medicare/Medicaid policies are suppressing new drug and device options and increasing healthcare costs. The FDA's approval process for new technologies costs companies between 250 and 800 million dollars. It takes an average of 8.5 years to move through the FDA's clinical and approval phases and there is no guarantee of approval. Out of 5000 compounds discovered in the pre-clinical stage, only about 5 will make it through. The cost of approved and non-approved drugs and devices are passed on to the physician practice, hospitals, surgery centers and patients. As a result, competition is shrinking and new treatments that can potentially save lives, cure chronic illnesses and decrease treatment costs are delayed by red tape and a high cost of entry.


READ THE REST OF THE ARTICLE ONLINE HERE

1 comment:

Robert J. Moeller said...

Hey man, I randomly found your blog, but really enjoyed looking through it. I'm a conservative blogger and seminary student in Chicago (rjmoeller.com). Keep up the good work. God Bless!