FutureOfCapitalism.com item headlined "A Nobel for American Medicine" -- October 5, 2009, 9:46 a.m.
Wall Street Journal editorial with headline "A Nobel Prize for American Medicine" -- October 6, 2009.
The Journal is probably stretching a bit when it speaks of the need to protect the institutions that are home to the Nobel laureates from "the budget ravages" of "government-controlled medicine." The three laureates work at Johns Hopkins, Harvard, and the University of California, San Francisco. In the original FutureOfCapitalism.com post we wrote, "All three institutions get lots of federal money." In 2005, the most recent year that the government released rank-order funding information for medical schools, Johns Hopkins was top in the country with $449 million in awards from the National Institutes of Health. UCSF was third in the nation with $398 million. And Harvard Medical School, down at no. 26, still managed to win $161 million in federal funding. In 2008 Johns Hopkins overall received $582 million in NIH funding, Harvard Medical School received $198 million, and UCSF got $448 million from NIH. The budget ravages of government-controlled medicine, huh?