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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). 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...
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 take responsibility for funding stem cell research.
References
Associated Press. (November 4, 2004). Californians approve stem cell research funding. USA Today. Retrieved from the Internet at http://www.usatoday.com/news/politicselections/vote2004/2004-11-02-ca-initiative-stem-cell_x.htm.
Cahill, Lisa Sowle. (2001). Stem Cells: A Bioethical Balancing Act." America 184.10: 14-19.
Friedrich, MJ. (2000). Debating Pros and Cons of Stem Cell Research.JAMA 284.6 (2000): 681-82.
Honolulu Advertiser. (October 27, 2004). Stem cell research is worth exploring. Honolulu Advertiser. Retrieved from the Internet at http://the.honoluluadvertiser.com/article/2004/Oct/27/op/op02p.html.
MSNBC. (November 3, 2004). California gives go-ahead to stem cell research. Retrieved from the Internet at http://www.msnbc.msn.com/id/6384390/.
Somers, Terri. (October 8, 2004). Prop. 71 opens tap for stem-cell studies. The San Diego Union Tribune. Retrieved from the Internet at http://www.signonsandiego.com/uniontrib/20041008/news_1n8stemcell.html.
" He argues that it is wrong to use these embryos even though they will just be discarded and wasted anyway. For this reason, people with grave diseases and disabilities argue that Bush needs to change his stance. CONCLUSION Stem cell research is incredibly important and should be fully examined so that we can do as much as possible to find cures and alleviate human suffering (Feinstein, 2004). It is important that
(Condic, 31) Scientists visualize immeasurable value in the application of embryonic stem cell research to comprehend human growth and the development and healing of ailments. More than 100 million Americans are ailing from the diseases that subsequently might be dealt more successfully or even cured with embryonic stem cell procedure. Majority of the researchers consider stem cell research as having large prospects for healing human ailments ever since the
The prospect of extracting DNA from the patient for combination with embryonic stem cells offers these patients the chance to live normal lives because the organs developed in this manner contain only the patient's own tissues. More importantly, this particular use of stem cell technology would spare the lives of the vast majority of needy organ recipients that die every year before a suitable organ can be found for them
Stem Cell Research Should Have More Government Funding The topic argument "Stem cell research government funding." For paper, construct argument defending a claim policy. Remember argument based a claim policy, writer seeks solve a problem establish a problem exists, part argument entail claims fact Stem cell research should have more government funding A stem cell can be defined as type of cell that can be found in many body tissues. Stem cells can
stem cell research and its future. The writer explores the history behind the research and then opens the debate on both sides, giving the reader the pros and cons from the vantage points of those who are involved with it. The writer then wraps the whole thing up with a discussion about how stem cell research can be allowed to continue so that the world can reap the benefits
At this point it should be clear that there are no good reasons to oppose the federal funding of embryonic stem cell research and only good reasons for supporting. Opposition to the federal funding of embryonic stem cell research can only be justified by an appeal to unreasonable and arbitrary moral standards based not on logic, reason, or concern for human well-being, but rather on the dictates of outdated and