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Modern medicine tends to be much more rigorously tested than more traditional types of medicine. But blanket statements do not really work here. Tylenol works better than an herbal tea for pain, but does acupuncture work better than Tylenol? That is something the patient alone can decide as they navigate their health care options.
Traditional medicine relies on beliefs, without any support, and theories based on assumptions. Modern medicine relies on science and the scientific process, in which treatments are based on facts, and are tested rigorously. The scientific basis of modern medicine is why many diseases that were deadly in the past have now become commonplace to treat.
Modern medicines aren't totally better than traditional medicines, or even herbal medicines, for that matter. With the recent onslaught of class action law suits against modern drug manufacturers, I think that modern ones have not had the time and effort put into testing, as much as many of the tried and true drugs and medicines on the market. Just because something is cutting-edge, it doesn't make it better. It is up to the consumer to decide.