Debate sparked over U.S. drug spending

Oct 23, 2006

A doctor at New York's Weill Cornell Medical College has defended U.S. drug spending, which accounts for 42 percent of drug sale money worldwide.

Dr. Marcus Reidenberg said he does not see a problem with the high amounts of pharmaceutical consumption, which exceeded $250 billion in 2005, provided patients are properly educated, CBS News reported Monday.

"If the individual is troubled enough by the problem, knows what the risks are of the medicine, (including the fact that these new medicines -- we don't know what all the risks are), and still feels that the benefit is worthwhile -- I don't have a problem with it," Reidenberg told CBS.

However, critics of the industry have said they are concerned that people are taking drugs they do not need after seeing them advertised on television.

"There is no drug trial in the world where anyone is taking five drugs simultaneously and they are looking at the interactions. So why is it a bad idea? I don't want to be part of some experiment," New York University clinical psychologist Leonore Tiefer said to CBS News.

Copyright 2006 by United Press International

Explore further: Court clears German safety body in breast implant scare

Related Stories

Global pharma firms grilled about tax in Australia

Jul 01, 2015

The world's top pharmaceutical companies Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to minimise tax.

Major step for implantable drug-delivery device

Jun 29, 2015

An implantable, microchip-based device may soon replace the injections and pills now needed to treat chronic diseases: Earlier this month, MIT spinout Microchips Biotech partnered with a pharmaceutical giant ...

Scientists develop better way to visualize molecules

Jun 23, 2015

Computer scientists at the University of Toronto Scarborough campus have solved a core problem in strucutral biology by developing a faster, cheaper and more reliable way to determine the three-dimensional ...

Recommended for you

Drug and device firms paid $6.5B to care providers

Jun 30, 2015

From research dollars to free lunches and junkets, drug and medical device companies paid doctors and leading hospitals nearly $6.5 billion last year, according to government data posted Tuesday.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.