About $26.4 billion, that is 28% of the total biomedical research funding in US are money from the government. Its the single largest player in medical research. In areas of core principles, cancer research, and motility effecting illness, they are 80-95% in total funding.
Government is not and has never been an referee in medical research. The drug companies would never allow it. Try removing a $26.4 billion of free R&D and see lobbyist doing everything they can to stop you. Additionally, anyone caring about sick people would join in in stopping that bill. One do not simply remove $26.4 billion of medical research in the name of free market.
Government is not and has never been an referee in medical research. The drug companies would never allow it. Try removing a $26.4 billion of free R&D and see lobbyist doing everything they can to stop you. Additionally, anyone caring about sick people would join in in stopping that bill. One do not simply remove $26.4 billion of medical research in the name of free market.