Posted on 01/11/2016 12:56:27 PM PST by Citizen Zed
Like millions of other Americans, I suffer from a life-threatening illness. My disease is incurable, but its progression is slow. I have lived with it for years while hoping for the breakthrough drug that will cure or further slow it. I just wish all those running for president were as concerned about new drug development as I am.
As one of the 15 million Americans suffering from cancer - not to mention hundreds of other life-threatening diseases - I would expect presidential candidates to support research into new life-saving drugs. Most of this research is funded by drug companies, whose motive, in large part, is profit. Hillary Clinton seems to think that the profit motive is somehow immoral, except in the case of her own and her husband's lucrative speechmaking and book sales. She thinks the profits of drug companies are "obscene," even as she enjoys a family net worth of $111 million.
A special target of Hillary's attacks during the presidential campaign is the pharmaceutical industry. A plan she released in September would limit drug prices by allowing Medicare negotiated prices, capping out-of-pocket expenses, cutting the period of patent exclusivity from 12 to 7 years, and allowing importations from Canada. That plan would prove a windfall to insurance companies (major contributors to the Clinton Foundation), but inevitably it would reduce spending for new therapies. And, most important, it would do nothing to remove obstacles that government itself puts in the way of new drug research.
As Chris Ford wrote in Fortune magazine, Hillary's plan would seriously undermine the business model of biotech start-ups - those same companies that are responsible for half of breakthrough medicines. Huge investments over decades are required to bring new drugs to market. Hillary would limit the profitability of these drugs
(Excerpt) Read more at americanthinker.com ...
We should mention the millions of dollars of free drugs provided under grants from the pharmaceutical companies. Our son has benefited from probably close to $100K in free drugs for his psoriasis. Yes, its a medical experiment but one that saved his life.
Not for long, if their motivations were based strictly upon kindness and compassion. Those motivations unfortunately do not pay the salaries of who create and produce the new drugs.
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