The Decline in US Funding for Medical Innovation
Bearing the above in mind, and noting that a lack of medical innovation will ultimately lead to the deaths of American citizens who can’t receive adequate treatment, or in fact, treatment which is targeted, and may help them avoid future trips to the hospital or doctor, it’s frightening to consider that the United States Government has dropped it’s funding of medical innovation.
A decade ago the US funded 57 percent of the biomedical research around the globe. Now? It’s at 44 percent. So, at the very time government regulation and taxation has become more burdensome, they are also less active directly supporting research.
Here’s the bottom line: The next Instagram may change the way you take selfies, but the next medical startup could prevent you from getting Alzheimer’s.
That’s something worth fighting for.
