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..::: APRIL 20, 2005

Pharmaceutical Firms' Selfishness Is a Virtue

NEWPORT BEACH, CALIFORNIA—When it comes to drug policy, at least one pro-capitalist educational organization, Americans for Free Choice in Medicine (AFCM), insists that leaving pharmaceutical firms alone—as against regulating them further, as the White House and Washington propose—is the best solution.

"Open the approval process for new drugs to private laboratories, whether corporate or non-profit,” AFCM Executive Director Richard Ralston dares the Food and Drug Administration (FDA) and the politicians who control the government agency. “Such research could be funded by drug companies and paid to third party institutions that randomly assign research to qualified independent labs that meet objective medical standards.”

Ralston argues that the FDA has failed to promote the general welfare of America’s doctors, drug firms and patients for a long time—lately with its dictates shutting down arthritis drugs—and it’s time to let drug firms strive to meet patient demand in a free market. America’s medical system, AFCM asserts, desperately needs it.

“Reforms could be undertaken over an extended period, selecting one category of drugs at a time,” Ralston suggests. “It could apply only to new research, so that work currently underway would not be interrupted. We should explore this and other alternatives to placing our health exclusively in the hands of omniscient and omnipotent government. The best protection for patients is the self-interest of drug companies.”

Americans for Free Choice in Medicine, (AFCM), was founded in 1993. AFCM educates the public about the principles of socialized medicine and free market ideas, such as HSAs and tax reform, and publishes a consumer's guide on its Web site (http://www.afcm.org). AFCM is the nation's only educational organization based on individual rights, personal responsibility, and free market ideas in medicine.

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Copyright © 2005 Americans for Free Choice in Medicine. All rights reserved.
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