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Estimating Long-term Economic Returns of NIH Funding on Output in the Biosciences

Advances in biomedical research have spurred dramatic improvements in both human and economic health. Between 1950 and 2009, life expectancy in the United States increased by 10 years, and since 1970, this increase in longevity has produced a net national gain of $61 trillion in social value, defined as the value of a lifetime expected utility. All this can be traced back to innovations in research, discovery, diagnostics, and therapies—and strong federal policy positions that have pushed the U.S. to the forefront of biomedical R&D. Read the attached report to learn more.