OnTheIssuesLogo

Donald Rumsfeld on Health Care

Secretary of Defense (Pres. Bush Cabinet)

 


Big Pharma's R&D investment is underappreciated

One of the more underappreciated aspects of the pharmaceutical industry is the time and investment put into research and development. Time and again the pharmaceutical industry has been singled out as a villain in corporate America and as the main culprit in escalating health-care costs. In fact, pharmaceutical and drug costs are less than 12% of the total of health-care costs.

Successful pharmaceutical companies have to invest; that is to say they have to put at risk hundreds of millions of the their investors' dollars, in an effort to discover new therapies to save lives, extend lives, improve the quality of lives, and yes, also to try to make a fair return for their investors while doing so. More often than not, many years of trial and error result in dead ends. But breakthrough discoveris do occur.

Source: Known and Unknown, by Donald Rumsfeld, p.252 , Feb 8, 2011

Other candidates on Health Care: Donald Rumsfeld on other issues:
Incoming 2021 Biden Administration:
Defense:Lloyd Austin
Attorney General:Xavier Becerra
Pres.:Joe Biden
State:Antony Blinken
DOT:Pete Buttigieg
HUD:Marcia Fudge
DOE:Jennifer Granholm
DOI:Deb Haaland
V.P.:Kamala Harris
Climate:John Kerry
DHS:Alejandro Mayorkas
Domestic Policy:Susan Rice
Public Liaison:Cedric Richmond
USDA:Tom Vilsack
Treasury:Janet Yellen

Cabinet Archives:
Biden Cabinet
Biden Administration
Trump Administration
Biden Books
Trump Books
Obama Books
Bush Books
Former Trump Administration:
Pres.:Trump
V.P.:Pence
NSA:Bolton
HUD:Carson
DOT:Chao
ODNI:Coats
U.N.:Haley
SBA:McMahon
Staff:Mulvaney
USDA:Perdue
DOE:Perry
State:Pompeo
HHS:Price
A.G.:Sessions
State:Tillerson
DOI:Zinke

Former Obama Administration:
Pres.:Barack Obama
V.P.:Joe Biden
State:John Kerry
HUD:Julian Castro
State:Hillary Clinton
Staff:Rahm Emanuel

Former Bush Administration:
Pres.:George W. Bush
V.P.:Dick Cheney
State:Colin Powell
State:Condi Rice
EPA:Christie Whitman

Former Clinton Administration:
Pres.:PBill Clinton
V.P.:Al Gore
HUD:Andrew Cuomo
DOL:Robert Reich
A.G.:Janet Reno
Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families/Children
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Infrastructure/Technology
Jobs
Principles/Values
Social Security
Tax Reform
War/Iraq/Mideast
Welfare/Poverty
Search for...





Page last updated: Mar 13, 2021