The Search for New Vaccines: the Effects of the Vaccines for Children Program
- Binding: Paperback
- Publisher: American Enterprise Institute Press
- Publish date: 12/01/2007
Description:
Henry Grabowski and John Vernon examine the incentives to invest in research and development for new and improved vaccines, particularly the potential effect of the Vaccines for Children Program on R&D incentives.
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The authors argue that significantly expanding the government sector in pediatric vaccines is a very cost-ineffective policy, one that would lead to unintended adverse consequences. Eliminating most of the private market for vaccines and substituting government purchases at lower prices send the message to R&D investors that tomorrow's pediatric vaccine breakthroughs are to be valued less than other medical breakthroughs. The authors conclude that, ironically, a government program designed to advance children's health care could operate to curtail the opportunities for improved health care in the future.
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