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Originally Posted by Brutha  That means more or less that drug company's don't have to do those costly study to show that their drugs aren't harmful to anyone anymore doesn't it? To give them the freedom to sell the drugs they want to sell without those study's? |
Ron is saying the federal government should not be in the business of doing or enforcing those studies. The private sector is able to create their own regulatory agencies.
Company XYZ: "If you want your drug to be XYZ Certified it must meet these stringent requirements..." Company XYZ charges a fee to have their logo on your medication if you meet the requirements. Newspapers, magazines, and medical journals can discuss how XYZ's certification compares to others in cost, safety, etc. If XYZ screws up, they take a financial hit for it, and XYZ is here to make a profit, so they're going to protect themselves from loss.
That is how it will work for many government agencies that Ron will dismiss.
It does work! The fire service (firefighting) has a standards group called NFPA. It's not a government agency, but it is one that creates standards for safety, equipment, and training for the fire service. fire departments don't have to follow NFPA, but they do because it is a way of keeping their departments current and also being certified lowers the insurance rates for all the homeowners and businesses in town, because the insurer knows Dept XYZ is following a certain standard.