Tip:
Highlight text to annotate it
X
the debate over health care costs continues to rage lawmakers on both
sides of the aisle now say their research could lead to significant
savings in the future here's a bit what congresswoman michelle bachman had to
say in her speech is deepak
you see we cared in the nineteen fifties win-win
every democrat paul
that was sleeping over our nation's at that time economists all this
it will cost to deal with polio
would be something like and what
hundred billion dollars a year if you translate that ended two days dot are
you talking dollars you're talking more like trillions of dollars project really
in dollars and yet postage costs and happen to us why
because someone cares
debate retention shooting editor and writer for the american conservative
magazine and joins us now is going to happen here today
uh... it's not polio anymore but we have other uh... medical issues that we stand
you spend billions and even trillions treating instead of trying to think we
need to change the conversation right i think we've we've got alzheimer's for
example which is a roughly one hundred and seventy two billion dollars
hits on the u_s_ economy every year
headed toward a trillion dollars a year headed toward a cumulative cost by
twenty fifty uh... perhaps
twenty trillion with the t
dollars dollars total now thats
uh... of medical burden that nobody's health insurance planting
fixed by itself not present on those not for ryan's it will take
indecisive and mention in the course of the disease
not paying for after the fact that the disease before it happens to change that
and that's what miss missus martin was talking about it and see back yesterday
but was this very well received what you said look
that that schuler is cheaper than care so why are we letting the trial lawyers
and the f_d_a_ strangle
medical innovation today when we need these few words just really not only for
humanitarian reasons but also for a fist first on economic reasons and we've
heard people from both sides they asked about this it's it's not a partisan
issue i mean they both agree that that is
uh... at these will wait to look forward on to treating medical issues and
medical issues and financial issues that the same time but
how does this work you mentioned you know tyler's f_d_a_ at is a matter of
findings should that be public *** private haven't gets worse fourth i
think you need some sort of public private partnership in a quite writers
democrats as well rob andrews of the democrat from new jersey is on the same
blinded
that miss mrs ms bargainers
and the reality is
there is a enormous amounts of private capital waiting to be useless but
frankly it right now is not a good investment i mean if the f_d_a_ the
trial lawyers are there to tipped off the island and the number of new drugs
approved by the f_d_a_ has fallen by forty percent member of the medical
devices phone by forty percent the amount of venture capital field has
fallen by as much as three fourths so and that kind of negative financial
environment even the best hearted philanthropist and say well gee was
indicted have more good to make more money doing something else they have to
somehow create sumter enterprise owner x prize some way a m with political
leadership as well saying look it is a national priorities when john f_ kennedy
said we're going to go to the moon back in nineteen sixty one it was the public
sector in the private sector mobilize university yes this is an important
national goal and we do it
well let's have the folks out there are listening to you lyn two other political
leaders as well i know that they're great concerns within the medical uh...
device industry about new taxes that are coming to the health care law
and cycle their ability to spend on this as well so thank you for putting a
spotlight on it and give it there