Political Quotes

“clearly the United States does subsidize the world in terms of research and development. For better or worse, many other countries do have strict price controls. Those price controls ultimately translate pretty uniformly across the world into less investment in terms of research and development and investigation and experimentation for future cures of a broad range of diseases that we globally suffer with today. The hope out there--whether it is Parkinson's disease, emphysema, heart disease, or lung disease--comes in the development of new drugs. My question to the Senator is to verify the data that at least has been made available to me. In the United States our pharmaceutical industry--and I will phrase this as a question--spends about how much? The answer is the United States spends around $30 billion for research and development in the private sector coming from private investment in this country. In Canada, the cost for all research and development in pharmaceutical agents is not $30 billion; it is $1 billion. I mention that because people glorify the Canadian system and how inexpensive it is. We need to be very sensitive to the fact that the United States is doing the world's research and development in the pharmaceutical arena which gives us the hope. Canada does not. The system described does not. Would the Senator agree with that?”