FDA delays cost Americans trillions and slow lifesaving drugs, new report says

A new report argues that speeding up Food and Drug Administration reviews could unlock trillions of dollars in economic value and get lifesaving treatments to patients faster.

"It takes about a decade from start to finish to come through FDA," economist and former acting chairman of the White House Council of Economic Advisers Tomas Philipson told Fox News Digital in an interview. "Most of that time is not spent on safety. Most of it time is spent on effectiveness trials."

The paper...