Oncology - It Comes With Obligations

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Rich Goyette: What makes your job as a doctor so extraordinarily profound is that you are given the opportunity to do something that no one else can do. He says in medicine, there are a range of fields where you are more of an exchangeable part. But Econ Talk with Rich Goyette will be back on Monday at 10 p.m. ET.

Oncologist and epidemiologist Vinay Prasad argues that too many very expensive drugs get approved by the FDA that have very limited impact on the lives of patients. Prasad explains the incentives that distort the current system. The general problem, he explains to EconTalk host Russ Roberts, is the death of duty--too many players in the health care landscape and elsewhere stay quiet or do the wrong thing in order to serve themselves.