Allowing the producer-dominated market to set drug prices has spiraled the cost of cancer drugs out of control. Drug pricing can be reduced while preserving the profit-making incentive, by linking price to a true measure of quality: preservation and meaningful prolongation of life.
The election of Argentine Cardinal Jorge Bergoglio as pope underscores the growing importance of Latin America for the Roman Catholic Church. Mark P. Jones, the Joseph D. Jamail Chair in Latin American Studies, discusses the significance of Pope Francis' election for the church's future.
Testimony of
Kenneth B. Medlock III
James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics, and
Senior Director, Center for Energy Studies
James A. Baker III Institute for Public Policy
Rice University
To the
Senate Committee on Energy and Natural Resources
Washington, D.C.
February 12, 2013