Funding for medical research is now estimated to be in theregion of $100 billion worldwide Photo: AFP
From The Telegraph:
Billions are spent on medical research, but we have entered an era of diminishing returns.
When Andy Burnham, the Health Secretary, admitted last week that he was going to have to "re-prioritise" £60 million of the Government's medical research budget, diverting it to help pay for social care for the elderly and disabled, it seemed a blatant example of robbing Peter to pay Paul. It is self-evident, after all, that today's research will reap dividends in the future, whether through new treatments, or novel ways of thinking about and preventing disease.
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