November 10, 2011
Is the FDA Inadvertently Killing People?
John Stossel, Reason
It would be nice if politicians and regulators left us alone. But they don't. They always want to do more. Recently, there have been shortages of some medicines. Cancer patients can't get drugs they need. Why not?
One reason is that a big drugmaker shut down for a year in part to meet Food and Drug Administration rules. The FDA makes it so expensive and difficult to sell drugs that there isn't an eager pack of companies rushing to the fill the gap. The free market would provide that, but government intervention, such as low Medicare reimbursement, strangles it. So people suffer.
TAGGED: Pharmaceutical Industry, Pharmaceuticals, FDA