the US currently leads the medical specialty marketplace in r & d breakthroughs
I'd appreciate some evidence for this claim if possible.
The USA is the undisputed world leader. For instance, In the last 10 years, 12 Nobel Prizes in medicine have gone to US born scientists working in the USA, 3 have gone to foreign born scientists working in the USA, and just 7 have gone to researchers outside the country. That is more than two thirds of the winners for the most prestigious prize in medicine.
That is amazing.
The revenues generated from the high healthcare costs here have encouraged greater investment in life saving breakthrough medical research. This subject touches me closely so I am briefly breaking my silence. This is my jounalistic "beat". Not a month goes by that I do not speak to a CEO or researcher that does not say this in one way or another. The USA dominates the biotechnology and pharmaceutical fields. It accounts for 75% of the world’s spending in research and development.
That is 75% of the global R&D.
That is a simply astonishing.
http://www.efpia.org/Content/Default.asp?PageID=388
The research environment in the USA, compared with Europe, is wealthier, more competitive, meritocratic and tolerant of waste and chaos. This environment leads to more medical discoveries. About 400,000 European researchers are living in the United States. Why? Superior financial compensation and research facilities.
Rational self interest? Greed? But it is always "the other guy" that is greedy, right? Never ourselves.
By the way, when something is invented in the USA, all the technologically stagnant countries get many of the benefits too without having to pay the up front costs that we do.....but we get them first...and when we export these products, it improves our balance of trade.
I strongly recommend you read the link above at the European Federation of Pharmaceutical Industries and Associations site. It contains much more information regarding what has occurred regarding the shifting of the global brainshare in biotech/medicine to my country. By the way, only 3% of our R&D comes from the public sector.
"Socialism is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created." Ludwig von Mises, Socialism
Our system generally works very well. In the long run, medical advances will do far more to improve quality of life than misguided attempts at enforcing parity. This will simply freeze the state of the art into the state it is in in the first decade of the 21st century. A stasis. However, I suspect the baton will move to Asia in the event of this. Also, excluding the higher death rates here due to murder and other factors such as less walking and unhealthier food, lifespan here compares favorably to Europe. Our system needs some reform, not socialization.
There is more here from the University of Vienna:
How can we explain the American dominance in biomedical research and development?
http://ostina.org/downloads/pdfs/bridgesvol7_BoehmArticle.pdf
I'd appreciate some evidence for this claim if possible.
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BTS