Funding Stem Cell Research Embryonic Term Paper

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Analysts agree that Proposition 71 will at least pay for itself over the life of the bonds.

According to Somers (2004): "The economists from Stanford University and the Analysis Group predict that the initiative would generate at least $6.4 billion. They say it would generate $2.2 billion to $4.4 billion if it could expand the state's biotechnology industry by about 5%, with new jobs, construction of new buildings and increased revenue. If the research could reduce health care spending by 1% to 2%, the direct savings in health care costs to the state government would be $3.4 billion to $6.9 billion, on just the care and treatment of patients suffering from six of the medical conditions scientists think could benefit from new stem-cell therapies."

Still, there is no guarantee that life saving, cost-saving therapies will be found (Somers, 2004).

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Even if they are, scientists say it is many years away. Therefore, Proposition 71 may be wasting taxpayers' money for many years, simply because the federal government refuses to fund this important research.

Johnson believes that analysts' projections are based on the "ludicrous assumption" that health care costs will decrease, when there is no certainty a beneficial therapy or cure will come about (Somers, 2004). He points out that embryonic stem-cell research has yet to come up with a single cure to date.

There are no guarantees of a medical breakthrough in stem cell research (Honolulu Advertiser, 2004). However, anyone who knows someone afflicted with any of these diseases would agree that if there's even a slight chance of success, it should be fully explored. For this reason alone, the federal government should.....

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"Funding Stem Cell Research Embryonic" (2004, November 15) Retrieved May 2, 2024, from
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