Wednesday, December 7, 2016

Why take $6.3 Billion from the Taxpayers?

  I wonder if the sweeping new health bill approved by Congress doesn't contain a fatal flaw. I read how the 21st Century Cures Act is a "$6.3 billion act." What does that mean? Is this a new expense? I believe it must be. It authorizes $4.8 billion for the National Institutes of Health and $500 million for the Food and Drug Administration.
  It passed with little opposition. In the Senate, it was approved by a 94-5 vote and in the House, the vote was 392-26. Senator Elizabeth Warren was among the few who voted against it, criticizing it for containing massive hand-outs for pharmaceuticals.
   The bill is expected to speed the approval proves for new drugs and medical devices, allowing clinical trials with fewer patients and less-expensive objectives.
   Why do those things translate into $6.3 billion in additional spending? I'm a little lost as to why is was necessary to tack $6.3 billion onto our debt. Why take $6.3 billion from the taxpayers? Perhaps there is good reason, but at this point I question the spending.

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