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Cato Daily Podcast

The Big Impact of FDA's Drug Delays

Dec 28, 2023
Michael Cannon, a FDA policy expert discusses the impact of FDA's delays in approving contraception on women's economic gains. They explore how FDA regulations create barriers to access and affordability, and the negative impact of FDA's delays on drug approval and prices.
11:39

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Quick takeaways

  • The FDA's delay in approving contraceptives in the 1960s hindered women's entry into the labor force, impacting economic equality.
  • The FDA's unnecessary prescription requirements for contraceptives impede women's access to necessary medicines and violate healthcare rights.

Deep dives

The Delayed Approval of Contraceptives and Women's Economic Equality

The introduction of reliable contraceptives, such as the pill, allowed women to delay childbearing, pursue education, and spend more time in the workforce. This narrowing of the wage gap between men and women was a significant step towards economic equality. However, the FDA's slow approval process for contraceptives in the 1960s delayed women's entry into the labor force. Even today, the FDA still requires women to get a prescription for the pill, creating barriers to access and affordability, impacting women's economic outcomes and equality with men.

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