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Ron Johnson: “The prize really is a free market system.”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Sen. Johnson at Commerce Subcommittee Hearing

Published | Video Starts at 01:35

And listen, I think it's great X prize and that's great, but a $10 million prize is not going to incentivize breakthroughs in something that literally costs hundreds of millions of dollars to develop. The prize really is a free market system. So we need to let that free market system operate without the impediments of spending $100 million. Get to phase three and go cutting it off because it's not worth the risk. (01:35–01:38)

CLAIM

Asserts that the free market system is the true incentive for medical breakthroughs.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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