Apparently a panel of 9 persons will be in charge of giving away $80 million in prize money for biomedical advancements every year to any person or company (even foreign).
The 9 people are primarily congressional appointments and the director of NIH (who is already appointed) and the administration of this program can be outsourced to a private company who can take 15% of the money.
Personally, I'd have to agree with the author that this is a pretty stupid idea.
https://www.congress.gov/bill/114th-congress/house-bill/6/te...
Apparently a panel of 9 persons will be in charge of giving away $80 million in prize money for biomedical advancements every year to any person or company (even foreign).
The 9 people are primarily congressional appointments and the director of NIH (who is already appointed) and the administration of this program can be outsourced to a private company who can take 15% of the money.
Personally, I'd have to agree with the author that this is a pretty stupid idea.