Though progress has been slow since President Barack Obama announced the Alternative Medicine Initiative , it is believed that ultimately it has the potential to improve both the quality and length of a patient 's life which will also have a knock - on effect on the economies of the healthcare system . With less wasted on ineffective therapies and faster treatment , costs can be better controlled and few and shorter hospital stays .
Though progress has been slow since President Barak Obama announced the Precision Medicine Initiative, it is believed that ultimately it has the potential to improve both the quality and quantity of a patient's life which will also have a knock-on effect on the economies of the healthcare system. With less wasted on ineffective therapies and faster treatment, costs will be better controlled and few and shorter hospital stays.