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Price Of Essential Pharmaceutical Drug Increases 5,500 Percent Overnight

#57

Quote:Why should the U.S. be the world's guinea pig?
 

It shouldn't. The claim of the corporate crowd is that if the US government passes price controls similar to every other country then drug companies will severely cut back on research and people will not get the cures they need.


 

I personally would favor a law that says a company can charge no more than the lowest price it charges among the ten other countries with the highest GDPs. If a company believes it needs to charge (say) $1000 per pill, then it has to charge that price in at least ten other countries. That spreads the cost of research among the 11 richest countries rather than just having the US fund it. While I'm opposed to government regulation, this does not limit the ability of a drug company to charge whatever it wants. It's more of a defense against a form of foreign economic attack on the the US.





                                                                          

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Price Of Essential Pharmaceutical Drug Increases 5,500 Percent Overnight - by MalabarJag - 09-25-2015, 11:48 PM



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