There are lots of problems with the medical industry in this country. The political system is corrupt and both political parties have their own special interest groups that they cater to, to the detriment of consumers.
Some things that need to be done IMO:
- Decrease the impact of litigation in the medical industry. Cap lawsuit award amounts. This would help with both malpractice and drug related costs. This would decrease the cost of bringing new drugs and treatment options to the market and increase competition, rather than leaving the market to only the big, deep pocketed players.
- Reform the patent system to stop abuse. For example, new novel treatments/drugs that were expensive to produce should be given longer patents than simple reformulations of existing treatments/drugs.
- Use some public funding for research. This is already done to some degree, but should be explanded. An example with U.C. would be research into fecal transplantation.
Problem being that if congress tried to implement any such reforms, by the time the special interests got done with it, we would just end up with either no real reform, or the usual feeding frenzy of earmarks, pork spending, carve-outs, and so on.
Post Edited (C_G_K) : 12/30/2010 11:26:49 AM (GMT-7)