Fear Quote by Kenneth Frazier
“I do worry that as we try to fix this long-term debt and deficit situation that we don't destroy the market incentives for biomedical research. What I fear is the government using its considerable clout to say, 'Here's the price we're setting for your medicines.'”
About This Quote
Source Speech: Congressional Hearing on Healthcare Policy, 2023
Balancing fiscal responsibility with preserving innovation incentives in biotech.
In simple terms: Need to protect research incentives while managing debt.
Key Takeaway
Advocate policies that fund research without price caps.
Themes
economics
healthcare
innovation
policy
Mood
concerned
analytical
Type
policy
strategic
When to use this quote
- budget planning
- legislative drafting
- pharmaceutical pricing
- market analysis
Key Concepts
public finance
biomedical research
price regulation
Questions to Reflect On
- How can we fund research sustainably?
- What safeguards protect market incentives?
A Different Perspective
Price controls could stifle R&D investment.
