|Posted:||February 7, 2020 09:19 AM|
|From:||Representative Marcy Toepel and Rep. Greg Rothman|
|To:||All House members|
|In the near future, we will introduce legislation which would incentivize companies to find cures for diseases rather than simply continue to treat disease.
Currently, spending in healthcare and research is at an all-time high. Even though technology is advancing exponentially, the last time the United States has cured a major disease was Polio in 1955.
Companies make billions of dollars by just discovering treatments, not cures. Treatments can last years and up to a lifetime of a patient, which in turn results in high profitability. However, cures can be administered once or over a shorter period of time, but cannot make a significant profit, which leads to cures not being researched. Since the “War on Cancer” was declared by President Nixon in 1971 to present day, there have been no results for any type of cure.
This Cure Bill will create a multi-state compact following existing models, that will provide monetary incentives to discover cures. The compact will consist of at least six states and will identify at least ten major diseases to target for eradication, that will be based on severity and cost. In addition, the compact will determine the 5-year taxpayer savings for each state if the disease is cured. In exchange for a cure and its patent, the compact will award prize money.
Furthermore, the compact can then mass produce the cure and distribute it cheaply, while resulting in net long-term savings for the government and no cost to taxpayers.
Please join us in sponsoring this important legislation and incentive to cure diseases.
Introduced as HB2325