IPFS News Link • Healthcare Industry
We Can't Afford To Cure Cancer
• LewRockwellRecognize the nation is dotted with cancer research centers that hold billions of dollars of debt. For example, the Fred Hutchinson Cancer Research Center in Seattle, Washington holds $176 million of debt. [Moody's Investor Service] Sloan-Kettering Cancer Center in New York, the nation's cancer research center, holds $1.9 billion of debt. [Moody's Investor Service] A cancer cure would leave research centers like these on the hook for loans that could not possibly be paid back.
Better for cancer research centers to live off the $4.95 billion of research grants that get divvied out by the National Institutes of Health each year than to find a cure.
In light of this revelation, the public may be better served by private enterprise that is not reliant on public funding to find a cure for cancer.
While Facebook co-founder Sean Parker has pledged $250 million towards a "moon shot" attempt to cure cancer, donating his money to six cancer research centers [USA Today April 13, 2016], another entrepreneur operating clinics he founded in Austria and Germany is way ahead of the pack having successfully treated thousands of patients, though he had to resurrect a dismissed cancer therapy from its grave, undergo closure of his company by health authorities and incur severe criticism to do it.