“The possibilities are boundless,” Mr. Obama said at a recent White House event.
Precision medicine “gives us one of the greatest opportunities for new medical breakthroughs that we have ever seen,” he said.
And with that he has proposed a major new initiative to develop drugs tailored to the genetic characteristics of individual patients. But there is as catch. As per this NY Times article:
He proposes a major new initiative to develop drugs tailored to the genetic characteristics of individual patients, but he expresses deep concern about the costs of such specialty medicines for consumers and for the Medicare program. He has asked Congress to let Medicare officials negotiate prices with drug manufacturers — a practice explicitly forbidden by current law.
In other words, he wants expensive toys but he doesn’t want to pay for it. Don’t get me wrong, I like that fact that he is being cost conscious but I am just tired of the political doublespeak. It’s like every hospital administration meeting I used to go to in Maine. I used to think to myself, “Do they even know they are lying anymore?”