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Abstract

It is no secret that modern medicine has improved people’s lives in virtually every are of healthcare. What is also not a secret is how expensive it is. . Not only does the average American spend roughly $5000 on healthcare, they also spend roughly $1200 on pharmaceuticals. The candidates gunning for the U.S. presidency often bring up the topic of rising pharmaceuticals and what they would do to change it. Medical services and products as a whole are of concern for virtually all Americans, and many of them are considered overpriced. The development of these products isn’t cheap, and it needs funding. On the other hand, citizens would rather spend that $1200 on other commodities. Looking at the path of funding for pharmaceuticals and biomedical research as a whole can help people understand why.

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