Drug Price Crisis
Posted on March 17, 2008 Comments (0)
I don’t think the suggestion below really solves the drug price crisis. But I do think it is an example of an educational and research institution actually proposing sensible role for themselves. As I have said too many universities now act like they are for-profit drug or research companies: Funding Medical Research. For some background on drug prices read my post on the Curious Cat Management blog from 2005.
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Following the utility model, Finkelstein and Temin propose establishing an independent, public, non-profit Drug Development Corporation (DDC), which would act as an intermediary between the two new industry segments — just as the electric grid acts as an intermediary between energy generators and distributors.
The DDC also would serve as a mechanism for prioritizing drugs for development, noted Finkelstein. “It is a two-level program in which scientists and other experts would recommend to decision-makers which kinds of drugs to fund the most. This would insulate development decisions from the political winds,” he said.
Book – Reasonable Rx: Solving the Drug Price Crisis by Stan Finkelstein and Peter Temin
Related: Lifestyle Drugs and Risk – From Ghost Writing to Ghost Management in Medical Journals – USA Spent $2.1 Trillion on Health Care in 2006 – Measuring the Health of Nations – Economic Strength Through Technology Leadership – USA Paying More for Health Care
Categories: Funding, Health Care, quote, Research, Science, Students, Universities
Tags: centers of excellence, commentary, drugs, MIT, Research, Universities
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