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June 12th, 2007
The U.S. government should quadruple investments in biotechnology, health care and nanotechnology to improve productivity and reduce health care costs, academic researchers said.
If federal investment had remained at 1964 levels, the United States would be spending about $500 billion a year on research, $140 billion more than the current amount, according to a report released Monday by the Proceedings of the National Academy of Sciences. The recommended spending would total $1.6 trillion a year.
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