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Senior Fellow Benjamin Powell is Interviewed on American Medicine Today Radio on Drug Approvals and the FDA
Recorded: Saturday, December 12, 2015

What is the cost of the long approval process for potentially life-saving drugs by the FDA? The approval process can take up to 12 years and cost $1 billion. But there are other costs. Patients aren’t able to take drugs that aren’t approved and they might die or become more ill. Another cost is that a potential drug maker might not want to take the financial risk of taking a drug to market. Powell recommends testing drugs but possibly making drugs "FDA recommended", rather than "FDA approved." What’s needed is competition and markets to help patients and entrepreneurs, says Powell.

Experts: Benjamin W. Powell
Type: Radio
Issues: Government Power, Health Care, Public Health/ Consumer Protection, Science

       
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Student Perspectives
2012 Summer Seminar for High School Students

Recorded: Friday, June 22, 2012

Each year the Independent Institute holds two week-long session of its Summer Seminar for Students for high school and college age students. These clips are highlights from our 2012 session for high school students.

Experts: Benjamin W. Powell
Type: Challenge of Liberty Seminars
Issues: Culture/ Society, Economic History and Development (International), Economic History and Development (U.S.), Economic Policy, Economists, Free Market Economics, Political Ideology and Philosophy

       
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