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.
Senior Fellow John C. Goodman, author of A Better Choice
is interviewed about Texas Congressman Pete Sessions proposed alternative to Obamacare. Its legislation that will fix problems with the healthcare system that the Affordable Care Act failed to do. Instead of subsidies, everyoneregardless of incomewill be treated equally. Under the proposed plan, which Goodman is helping to craft, the healthcare marketplace will be utilized to lower costs to consumers, with government playing a minimal role.
In this "Special Report with Bret Baier" for Fox News, Independent Institute Senior Fellow John C. Goodman analyzes the Republican candidates' discourse on repealing the Obamacare program and discusses how are they going to do it.
Founder and President of the Independent Institute, David Theroux is interviewed by Ave Maria Radio President Al Kresta at the Napa Institute Annual Conference. Also President of the C.S. Lewis Society of California, David Theroux talks about C.S. Lewiss writings on liberty and Christianity and how Lewis became one of the best-read and most influential writers of the 20th and 21st centuries.
Senior Fellow John C. Goodman, author of A Better Choice, appears on the Wall Street Journals Opinion Live program to discuss how free markets can solve many issues with Obamacare and Americas healthcare system. Goodman talks about which provisions of Obamacare should be changed and which ones should be left alone. Free market principles would level the playing field and give patients the power of choice.
Senior Fellow Ivan Eland, author of Partitioning for Peace, appeared on "Doug Stephan's Good Day" radio program. Eland talks about the state of terrorism in the Iraq and whether the US creates more of a problem with its intervention. He also discusses the question of how ISIS is different than other terror groups.
Independent Institute Senior Vice President Mary L. G. Theroux testified on "Childhood Poverty, Government Failures, and the Need for Economic Liberty", before the California State Senate's Budget Subcommittee on Health and Human Services, at the request of State Senator Jeff Stone. The witnesses spoke about California's Maximum Family Grant rule for families on welfare. The rule caps grants and does not increase grant money to mothers on welfare when they have more children. Mary testified about the causes of poverty and of the need for other, non-government options for poor families. She introduced ideas for helping the poor through private resources and organizations, instead of government agencies where families and women often find themselves trapped in a cycle of poverty.