&gt; Is there a rent seeking problem in the medical and dental fields too? &lt;p&gt;
Take a look inside any Medical device company (or Pharma)
So much time is spent on FDA compliance most engineers spend 85% of their time killing trees.&lt;p&gt;
Now these companies charge extremely high prices for their goods, but no new company can afford to spend the THree to five years getting something to market.And Here I am talking simple devices, not drugs.&lt;P&gt;
While the industry complains about the FDA, It is just this problem that builds a moat around the industry.