Research suggesting health research is economically beneficial in Sask.Two questions:

[Emergent]

Economic research suggests that health research is economically beneficial to its economy. So why hasn't it increased, not only to help sustain and diversify Saskatchewan's economy but to advance such a valuable asset for all of us?


Percentage of money for health research drops from $5,933,000 in 2006 to $5,630,000 in 2015:


http://www.finance.gov.sk.ca/budget/budget07/0708budgetestimates.pdf (page 86)


http://www.finance.gov.sk.ca/budget2015-16/FinanceEstimates2015-16.pdf (page 74)
http://www.finance.gov.sk.ca/budget/budget07/0708budgetestimates.pdf





Research from 2008 says that it is good economically,


https://issuu.com/shrf/docs/the_economic_benefits_of_health_research_in_saskat


And now that Saskatchewan has the finances, isn't a good idea to use it to expand its knowledge based economy anyways?

 

[Johnnny]

Yes because if you dont you will end up like Ontario

 

[pgs]

Why is it the governments job to fund research and watch their proceeds go to industry ?

 

[Emergent]

Why is it the governments job to fund research and watch their proceeds go to industry ?

• Health research actually decreases the cost of healthcare.

• Through patents, licencing and royalties they may make more money back than what they put into it.

• It is not in the nature of businesses to invest into such long-term financial commitments. The full commercial realisation of an approved drug takes 10 to 20 years from beginning to end. It costs billions of dollars including failures leading up to successful drugs. Educational/research institutes are prime incubators for drug conception (basic research) as students must do research in order to complete their degrees, masters or PhD's anyways.

 

[pgs]

• Health research actually decreases the cost of healthcare.

• Through patents, licencing and royalties they may make more money back than what they put into it.

• It is not in the nature of businesses to invest into such long-term financial commitments. The full commercial realisation of an approved drug takes 10 to 20 years from beginning to end. It costs billions of dollars including failures leading up to successful drugs. Educational/research institutes are prime incubators for drug conception (basic research) as students must do research in order to complete their degrees, masters or PhD's anyways.

Sounds like a whole bunch of goble de bop to me . A whole bunch of Phd's want more money . What else is new .

 

[Emergent]

Sounds like a whole bunch of goble de bop to me . A whole bunch of Phd's want more money . What else is new .

I see.