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GidMK's profile
Health Nerd
Health Nerd
Health Nerd
Verified account
@GidMK

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Health NerdVerified account

@GidMK

Epidemiologist. Writer (Guardian, Observer etc). "Well known research trouble-maker". PhDing at @UoW Host of @senscipod Email gidmk.healthnerd@gmail.com he/him

Sydney, New South Wales
theguardian.com/profile/gideon…
Joined November 2015

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    1. Health Nerd‏Verified account @GidMK 30 May 2018

      Health Nerd Retweeted Hon Jane Prentice

      It is easy to calculate the cost of red tape It is hard to calculate the benefit Bottom line: red tape is REALLY IMPORTANT (mostly) - a threadhttps://twitter.com/JanePrentice_MP/status/1001991573956104193 …

      Health Nerd added,

      Hon Jane Prentice @JanePrenticeBne
      Red tape costs the Australian economy as much as $176 billion a year. At @TheIPA book launch of “Australia’s Red Tape Crisis” with @TimWilsonMP and Senator Amanda Stoker pic.twitter.com/VQ8NyFOg8k
      1 reply 4 retweets 2 likes
      Show this thread
    2. Health Nerd‏Verified account @GidMK 30 May 2018

      For example, the cost of approving new medications in Australia is incredibly high. It takes years of regulatory hassle to get a medication approved

      1 reply 0 retweets 0 likes
      Show this thread
    3. Health Nerd‏Verified account @GidMK 30 May 2018

      It then takes further years to get it added to the Pharmaceutical Benefits Scheme, because you have to prove quite a few things to do so

      1 reply 0 retweets 0 likes
      Show this thread
    4. Health Nerd‏Verified account @GidMK 30 May 2018

      But how do you calculate the benefit? What does this enormous cost to business confer on the average Australian?

      1 reply 0 retweets 0 likes
      Show this thread
    5. Health Nerd‏Verified account @GidMK 30 May 2018

      Vioxx is an imperfect but useful example. It was a drug that was approved through some shady machinations by the manufacturer

      1 reply 0 retweets 0 likes
      Show this thread
    6. Health Nerd‏Verified account @GidMK 30 May 2018

      Basically, Vioxx roughly doubled your risk of having a heart attack, but this was not recognized for 5 years, at which point 100,000s of people had taken it

      1 reply 0 retweets 0 likes
      Show this thread
    7. Health Nerd‏Verified account @GidMK 30 May 2018

      The cost to society of this single drug being approved was in the hundreds of millions

      1 reply 0 retweets 0 likes
      Show this thread
    8. Health Nerd‏Verified account @GidMK 30 May 2018

      Now, there are probably hundreds - thousands - of drugs that have been prevented from coming on the market that, like Vioxx, would cost us millions if they were sold to patients

      1 reply 0 retweets 0 likes
      Show this thread
    9. Health Nerd‏Verified account @GidMK 30 May 2018

      The COST here - the number of dollars that the government spends on the Theraputic Goods Administration, the dollars that businesses spend on regulatory procedures - is easy to calculate

      1 reply 0 retweets 0 likes
      Show this thread
    10. Health Nerd‏Verified account @GidMK 30 May 2018

      It's a simple sum: how many $ did we spend this year?

      1 reply 0 retweets 0 likes
      Show this thread
      Health Nerd‏Verified account @GidMK 30 May 2018

      But the BENEFIT? That is ~really hard~ to get. How much money did we save by NOT putting drugs into circulation, or funding them through the PBS?

      9:17 PM - 30 May 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Health Nerd‏Verified account @GidMK 30 May 2018

          So when someone estimates that Evil Bad Red Tape costs Australia $176 billion, take a skeptical view

          1 reply 0 retweets 0 likes
          Show this thread
        3. Health Nerd‏Verified account @GidMK 30 May 2018

          Realistically, there are probably places you can cut red tape and see a benefit to society There are also plenty of places where red tape saves us enormous amounts of money

          1 reply 0 retweets 0 likes
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        4. Health Nerd‏Verified account @GidMK 30 May 2018

          Moreover, there are MANY places where red tape saves us something more ephemeral but no less important - endangered species, water quality, children's lives

          1 reply 0 retweets 0 likes
          Show this thread
        5. Health Nerd‏Verified account @GidMK 30 May 2018

          Presenting it as "Red tape costs x" without also estimating the benefit is misleading at best

          0 replies 0 retweets 3 likes
          Show this thread
        6. End of conversation

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