$100 billion per year rat hole?

My former Boston Consulting Group colleagues Dr. Hamilton Moses III (a.k.a., Chip) and Dave Matheson have an article in JAMA (Financial Anatomy of Biomedical Research) analyzing spending on medical research. Key findings:

  • Spending has doubled to $94 billion per year in the last decade
  • A larger share should be allocated to diseases with few treatments, such as Alzheimer’s
  • More effort should be made to translate basic research into new treatments
  • Private industry sponsors 57 of research and the NIH 28 percent, a ratio that’s stayed constant over time

I’ve previously described some opportunities to improve the medical research environment:

September 21, 2005

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