Saturday, July 21, 2018

Why is FDA approval needed for medicine?

Imagine this scenario:

"Hi, I'm a spokesperson for the FDA. We recently approved a drug that could save 1000 lives!." Read that phrase slowly. I think that means that 1000 people died waiting for the FDA to drag it's feet and approve a potentially life saving drug. The FDA might mean well, but like many government agencies I think intentions are not good enough. You need results, and results matter when peoples lives are potentially at stake.

I've been thinking about this since Congress passed the Medical Practice Act, which should be praised by both sides. Does it make patients at risk for potential snake oil salesmen? Not really. Once word gets out that a cure isn't really working, the markets "invisible hand" will take over and in the long run, the snake oil seller will be put out of business or in the worst cases, thrown in jail (as they should be). If you or a loved one is dying, why do you have to wait for the government to tell you if it's okay to take this or that treatment?

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