Jamie Love sez, "Senator Bernie Sanders (I-VT) has introduced legislation in the US Senate that would use prizes to reward medical R&D, and eliminate all drug monopolies. It includes an open source dividend of $4 billion per year."
Both bills would eliminate all legal barriers to the manufacture and sale of generic versions of drugs and vaccines. The more ambitious bill is the Medical Innovation Prize Fund Act, which would apply to all prescription drugs. The narrower proposal is the Prize Fund for HIV/AIDS Act, which would only apply to treatments for HIV/AIDS. The Medical Innovation Prize Fund would create a prize fund equal of .55 percent of US GDP, which is more than $80 billion per year at current levels of U.S. GDP. The HIV/AID Prize Fund would be funded at .02 percent of U.S. GDP, which is equal to more than $3 billion per year at current levels of U.S. GDP.
The federal government and private health insurance companies would co-fund the prizes, according to formulas set out in the bills. The cost of the prize funds would be more than offset by the savings from the introduction of generic competition for products.
Both bills have some similar features to Senator Sanders' earlier prize fund bills, but there are also a number of changes. Among those changes are the introduction of an open source dividend element to the bills, which would have at least 5 percent of the prize money going to persons or communities that put knowledge, data, materials or technology into the public domain, or provide royalty free and non-discriminatory access to patents and other intellectual property rights. Annually, this would be more than $4 billion for S. 1137, and $147 million for S. 1138, at 2010 levels of GDP, as an incentive to open source research.
Laurie Penny’s first science fiction book, Everything Belongs to the Future, is available to the public as of today: if you’ve followed her work, you’re probably expecting something scathing, feminist, woke, and smart as hell, and you won’t be disappointed — but you’re going to get a lot more, besides.
Rapid7 security researcher Jay Radcliffe (previously) has Type I diabetes, and has taken a personal interest in rooting out vulnerabilities in the networked, wireless-equipped blood-sugar monitors and insulin-pumps marketed to people with diabetes, repeatedly discovering potentially lethal defects in these devices.
With Xamarin, coders can develop native apps for both iOS and Android without learning two different programming languages. Obviously, hiring one programmer rather than two is beneficial for companies and makes Xamarin experts highly in demand.You can easily learn Xamarin online with this Xamarin Cross-Platform Development Bundle. It will teach you to use Xamarin and code […]
TV antennas are making a comeback, and the Ghost Indoor HDTV antenna is a great example of why. Unlike the old bunny ear-style antennas, this compact antenna is barely noticeable and picks up channels easily. Plus with the addition of streaming services like Netflix, we find ourselves with plenty to watch without a pricey monthly cable bill. The Ghost […]
I’ve never really felt the need to purchase a smartwatch because a lot of them aren’t very functional, but at just shy of $30, the Martian Notifier Smartwatch was worth checking out. For that low of a price, it actually does feature an impressive amount of functionality, and comes in handy when you don’t want to be carrying around your […]