Food and drug administration Hannah Bruno

The Food and Drug Administration is a federal agency of the United States Department of Health and Human Services, one of the United States federal executive departments.

Founded June 30, 1906 by Theodore Roosevelt and Harvey Washington Wiley

The FDA is the government agency responsible for reviewing, approving and regulating medical products, including pharmaceutical drugs and medical devices. It also regulates various other products, including food, cosmetics, veterinary drugs, radiation-emitting products, biological products and tobacco.

www.fda.gov

The current commissioner of the FDA is former cardiologist Dr. Robert Califf

Dr. Robert Califf

Market Failure

"A market-failure rationale requires a plausible story about how government, with its special abilities, might improve matters. It is not legitimate to look at the situation, notice risk, ignorance, and uncertainty, and declare “failure.” If we go down a checklist of market-failure rationales—adverse selection, externalities, natural monopoly, equity, etc.—we do not find one that can be invoked for FDA policies. Danzon and Keuffel (2007) argue that safety and efficacy information has public goods properties. Surely there is something to this, just as the knowledge conveyed by Underwriters’ Laboratories certification may be said to have some public goods properties. But, at best, public good aspects of information create an argument for information provision, not for the premarket banning of all pharmaceuticals." (http://www.fdareview.org/07_market_failure.php)

Many complaints arise in regards to what the FDA has and has not allowed for US citizens to consume, take, use, etc. Many preservatives used in food items in the US are not legal in other countries around the world. Also the the process to have certain medications, medical procedures, and other medicinal products is very extensive and is a touchy issue for some.

Current Issues

The main issue facing the FDA is drug regulation.

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Hannah Bruno
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