FDA approval process requires a ton of upfront R&D resources with zero guarantees. This is mostly a good thing but it's not black and white. Malpractice law is

FDA approval process requires a ton of upfront R&D resources with zero guarantees. This is mostly a good thing but it's not black and white. Malpractice law is another example of regulations driving the price up, we can't get rid of malpractice law but the structure matters.