, 7 tweets, 2 min read
My Authors
Read all threads
Today’s NY Times describes a developing crisis in antibiotics (see nyti.ms/34XUFH). Bacteria and fungi are becoming more and more resistant to existing antibiotics. New antibiotics are needed.
But FDA regulations make their development extremely costly, and the government and health-insurance companies don’t want to pay the necessary high prices. Result: makers of antibiotics are unprofitable and are going out of business. Development of new antibiotics is throttled.
SOLUTION: in cases in which an infection threatens the loss of life or limb, a) waive the need for the drug having been FDA approved; b) give the patient the option of paying its high price.
This will allow developers of new drugs to bypass the FDA, thereby cutting their costs, and to be paid profitable prices.
Private medical insurance policies could be designed that, for an additional premium, would pay much or most of the drug price in these cases.
The key is getting the FDA out of the way of the drug companies and giving freedom to the patients to buy or not buy their drugs.
For more on medical care and the need for freedom from government interference to safeguard and improve it, see my essay “The Real Right to Medical Care Versus Socialized Medicine.” 99¢ at amzn.to/2OjmKxy.
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with George Reisman

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!