The Business Times
SUBSCRIBERS

US$6.3b measure aims to cure America's ailing health care policies

Lawmakers will move on bill this week; its extensive scale addresses problems that touch nearly every life

Published Tue, Nov 29, 2016 · 09:50 PM
Share this article.

Washington

IN ONE of the most sweeping and rare bipartisan acts of this Congress, United States lawmakers will move this week on a US$6.3 billion bill to increase funding for research into cancer and other diseases, address problems in the nation's mental health systems and enact potentially far-reaching regulatory changes for drugs and medical devices.

The bill, known as the 21st Century Cures Act, is the product of years of debates over health care policy issues, including how to track the federal drug regulatory structure with the fast-paced world of biotechnology, streamline the unwieldy mental health care system, and stem the widespread and intractable problem of opioid drug abuse.

But critics say the act contains a number of regulatory changes that could profoundly reshape the way some drugs and medical devices are approved in the US, making the process less costly and time-consuming for companies, but also potentially less safe for pa…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here