As for health care, it could become a growth industry, such as high tech or the biomedicalindustry, if we removed the obstacles to people's controlling more of their health care dollars.
This, despite the fact that 90% of physicians admit to receiving some form of payment from Big Pharma and 65% of biomedical research is funded by industry.
According to the Southern California Biomedical Council, even through the recession, even as other industries shrank, the biotech industry in the region grew and actually added jobs.
Government agencies like the Biomedical Advanced Research and Development Authority are attempting to fill gaps that are left by the drug industry and the shortcomings of financial markets.