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 arent able to take drugs that arent 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." Whats needed is competition and markets to help patients and entrepreneurs, says Powell.
Are immigrants taking our jobs and living off the taxes we pay? Are they criminals? Television personality John Stossel (Host of Stossel on Fox Business Network) interviewed Benjamin Powell, Senior Fellow at the Independent Institute, Director of the Free Market Institute at Texas Tech University, and Editor of the book, The Economics of Immigration.
Independent Institute Senior Fellow John C. Goodman, author of "Priceless: Curing the Healthcare Crisis" describes how the Affordable Care Act, or Obamacare, with its 27,000 pages of rules and regulations, has omitted some basic market-based concepts that would benefit all consumers. Goodman outlines the changes that would make such a healthcare system function, utilizing his extensive knowledge of the subject. Goodman is known as the "Father of Health Savings Accounts" whose suggestions for healthcare reform have been heard around the country. In this video, he highlights what is wrong with Obamacare, and offers his bold ideas on sensible healthcare reform.
John C. Goodman, author of Priceless: Curing the Healthcare Crisis, appeared on the Sean Hannity radio program on Thursday, October 31. Goodman discusses alternatives to Obamacare, as outlined in his book "Priceless." If patients control their healthcare, then providers can compete on quality and price, instead of government bureaucracies dictating healthcare choices to consumers. Jay Sekulow of the American Center for Law and Justice also joined the discussion.
Benjamin Powell speaks with Judge Napolitano of Fox Business Network's Freedom Watch about the IRS and the difference between full- and part-time employment. He also comments on the validity of police officers being allowed to use facial profiling.