The average new medication takes 10-14 years to reach the health care market. 15 million people have died waiting for Food and Drug Administration (FDA) regulators to approve experimental therapies that could've saved them. The FDA has shaved 5-10 years off each of our lives.
As outlandish as these statements sound, they're all true. Numerous studies have demonstrated that onerous FDA regulations on the development and sale of pharmaceuticals have sent drug prices skyward and limited our access to life-saving medications. If that weren't bad enough, federal regulators have allowed dangerous drugs onto the market, then failed to recall them despite knowledge of the harm they could cause.
How did this happen, and what can be done about it? Dr. Mary Ruwart, author of the new book Death By
Regulation, joins me to explain the situation.
Visit Dr. Ruwart's website and follow her on Twitter.
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