Search for...
Follow @ontheissuesorg
OnTheIssuesLogo

Donald Rumsfeld on Health Care

Secretary of Defense (Pres. Bush Cabinet)


Big Pharma's R&D investment is underappreciated

One of the more underappreciated aspects of the pharmaceutical industry is the time and investment put into research and development. Time and again the pharmaceutical industry has been singled out as a villain in corporate America and as the main culprit in escalating health-care costs. In fact, pharmaceutical and drug costs are less than 12% of the total of health-care costs.

Successful pharmaceutical companies have to invest; that is to say they have to put at risk hundreds of millions of the their investors' dollars, in an effort to discover new therapies to save lives, extend lives, improve the quality of lives, and yes, also to try to make a fair return for their investors while doing so. More often than not, many years of trial and error result in dead ends. But breakthrough discoveris do occur.

Source: Known and Unknown, by Donald Rumsfeld, p.252 , Feb 8, 2011

  • Click here for definitions & background information on Health Care.
  • Click here for policy papers on Health Care.
  • Click here for a profile of Donald Rumsfeld.
  • Click here for VoteMatch responses by Donald Rumsfeld.
Other candidates on Health Care: Donald Rumsfeld on other issues:
Obama Administration:
Pres.Barack Obama
V.P.Joe Biden
State:John Kerry
DHS:Janet Napolitano
DoD:Chuck Hagel
A.G.:Eric Holder
HHS:Kathleen Sebelius
USDA:Tom Vilsack

First Obama Administration:
State:Hillary Clinton
Staff:Rahm Emanuel
DOT:Ray LaHood
DOI:Ken Salazar
DOL:Hilda Solis

Former Bush Administration:
State:Colin Powell
State:Condi Rice
EPA:Christie Whitman

Former Clinton Administration:
HUD:Andrew Cuomo
V.P.Al Gore
Labor:Robert Reich
A.G.:Janet Reno
Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families/Children
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Infrastructure/Technology
Jobs
Principles/Values
Social Security
Tax Reform
War/Iraq/Mideast
Welfare/Poverty

Page last updated: Mar 09, 2014