It’s been that way for decades, started in the Clinton era. It would take years for our stuff to make it thru the regulatory gauntlet that should have taken a week. When you complain about the costs of drugs and medical devices, you’re looking at the FDA as the primary culprit. Yes, the companies make nice profits. It’s the only way to attract investors to risk millions of dollars in the slim hope that years from now it will get approved.
And FDA approval means nothing for liability. Just because the FDA approves something means zero for liability in lawsuits because that one person in a million dies from aspirin.
“The Food and Drug Administration helped turn the coronavirus from a deadly peril into a national catastrophe. . . . Many Americans could die in the coming weeks and months thanks to the FDA’s blockade on coronavirus testing. Should we consider those victims as martyrs for the principle of bureaucratic supremacy? The FDA’s current commissioner, Stephen Hahn, conceded last week: ‘There are always opportunities to learn from situations like this one.’ Perhaps the clearest lesson is that it is time to track the death toll of FDA regulatory debacles.”
And FDA approval means nothing for liability. Just because the FDA approves something means zero for liability in lawsuits because that one person in a million dies from aspirin.
“The Food and Drug Administration helped turn the coronavirus from a deadly peril into a national catastrophe. . . . Many Americans could die in the coming weeks and months thanks to the FDA’s blockade on coronavirus testing. Should we consider those victims as martyrs for the principle of bureaucratic supremacy? The FDA’s current commissioner, Stephen Hahn, conceded last week: ‘There are always opportunities to learn from situations like this one.’ Perhaps the clearest lesson is that it is time to track the death toll of FDA regulatory debacles.”
It's Time to Track the FDA's Death Toll | Mises Institute
Many Americans could die in the coming weeks and months thanks to the FDA’s blockade on coronavirus testing. Should we consider those victims as martyrs for the
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