Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lowering costs to companies manufacturing and distributing new medical devices and drugs is one thing, but the cost to consumer is not something the FDA

Lowering costs to companies manufacturing and distributing new medical devices and drugs is one thing, but the cost to consumer is not something the FDA has control over. Any truly substantial change that would impact costs of drugs and medical devices in the United States would need to be proposed and approved by congress rather than the FDA itself and focus in on regulating insurance companies and pharmaceutical companies in their pricing choices.

Kindly add further points to the above mentioned sentence in support and give more detailed explanation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text and Cases

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross

12th Edition

978-053847082, 1285834623, 9780538470810, 0538470828, 9781285834627, 053847081X , 978-1111929954

More Books

Students also viewed these Law questions

Question

Identify three misconceptions about innovation.

Answered: 1 week ago