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Originally Posted by Fat Charlie
...just like a research hospital working on an ebola vaccine doesn't help children living a block away from it.
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Why doesn't it? Unless you're absolutely certain that the Ebola virus is going to politely stay in Africa.
As to the rest, that's a question of economic philosophy, not quality of medical care. But I could note that there are really two distinct kinds of medicine. There's what you probably think of as medicine, treating individual patients who are sick or injured. Then there's the whole spectrum of public health, the goal of which is to keep people from needing medical care in the first place. Developing vaccines, whether for Ebola, polio, or measles, reducing smoking, figuring out what actually causes illnesses, etc. Cost-effective, available to the public either free or at little cost, if they choose to use it.
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And how much medical research is entirely privately funded?
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Hard to say exactly about entirely, since many projects receive a mix of public & private funding. But per Google, something like 60% is private.