Oddball
Unobtanium Member
Who is it that mandates the avalanche of requirements to test new medications and devices?The high prices are because BigBureacrat costs big bucks.
A market-based outfit like Underwriters Laboratories could fill the role of the FDA and slash costs by at least 1/2.
The fees going to the FDA for FDA approval is miniscule compared to the cost to pay patietns, doctors, etc to perform the clinical trials. Along with manufacturing costs, and high cost for doing research.
And what of those that fail to make it through the approval process?...Is that any cheaper?