Known and Unknown, by Donald Rumsfeld: on Health Care

Donald Rumsfeld: Big Pharma's R&D investment is underappreciated

Successful pharmaceutical companies have to invest; that is to say they have to put at risk hundreds of millions of the their investors' dollars, in an effort to discover new therapies to save lives, extend lives, improve the quality of lives, and yes, also to try to make a fair return for their investors while doing so. More often than not, many years of trial and error result in dead ends. But breakthrough discoveris do occur.