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When Will the FTC Investigate the FDA? November 16, 2009

Posted by federalist in Government Regulation, Healthcare.
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The massive healthcare lobby can’t break the FDA’s stranglehold on medical innovation.  Can a bureaucratic turf war do it?  Consider the following statement by the Federal Trade Commission Chairman, Jon Leibowitz:

We’re going to be very concerned about any practice that could increase prescription-drug costs to American consumers.  You can’t let drug safety be used as a tool to delay … competition.

Of course, the ellipses conceal the qualifier that will dash our hopes: The FTC is only interested in ensuring competition of “generics” for drugs coming off patent.  If a useful drug never makes it to the market in the first place because of the excessive regulation by the FDA he probably doesn’t care.

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