Americans want medical innovation investment

CAMI2
Photo: Former House Speaker Dick Gephardt (r) and Cleveland Clinic Innovations Executive Director Chris Coburn listen to PhRMA President and CEO John Castellani.

WASHINGTON – Americans believe that the United States must invest more in medical innovation to avoid a "significant long-term impact" on quality of life and economic growth, according to a poll released today by the Council for American Medical Innovation.

The poll found:

1. 72 percent of Americans believe there will be significant long-term impact on quality of life, employment and economic growth if the United States fails to spend more on medical innovation.

2. 66 percent believe medical innovation will lower health care costs.

3. 58 percent say the federal government should spend more on medical innovation and research.

4. 48 percent say jobs and economic growth are top reasons why it is important for the United States to be the global leader in medical innovation and research, while 48 percent also say the development of new treatments and cures are top reasons.

5. 74 percent are in favor of establishing incentives and reforms to the tax code to attract investment in medical innovation and research.

The findings complement a survey commissioned by AstraZeneca late last year, in which 60 percent of Americans said that the United States "is not as innovative as it used to be" and just 30 percent of Americans believe that the United States will be the most innovative nation a decade from now.

"Never before in our history has there been a greater opportunity to create jobs, grow our economy and deliver the treatments, cures and breakthroughs necessary to combating the world's most pressing medical challenges," said Dick Gephardt, former US House Majority Leader and co-chairman of CAMI.

Former HHS Secretary Mike Leavitt added, "The more we work together to make this issue a national priority today, the stronger our nation will be five, 10 and 15 years from now."

The poll was presented at "Medical Innovation at the Crossroads: Choosing the Path Ahead" in Washington.

– By Tony Jewell

3 comments

  • Yah… lets do that… when similar parts of the population also want fewer taxes and hate scientists…

  • Thanks for the comment, Ben.
    The issue of bipartisanship and science funding came up during one of the panels moderated by Paul Begala. He asked how a nation that cannot agree on anything can agree to increase funding for scientific discovery in a time of scarce resources.
    Former HHS Secretary Mike Leavitt suggested that there is broad interest and agreement in the notion that innovation is good and the need to measure how that innovation provides value to patients and society as a whole (more on that tomorrow). Others on the panel said, however, there isn’t widespread agreement on how to pay for it.
    Later, in his keynote address, Fareed Zakaria stressed the need for bipartisanship if the US is going to compete globally.

  • Medical Innovation Pitched As Key To Lower Healthcare Costs Government and business officials on Wednesday called for greater investment in medical research as a way to keep the U.S. competitive, create jobs, and even lower health care costs, the desire to ramp up federal funding for health research and development is up against the reality of a dismal economy and a budget deficit. Nice concept.