4 ms·
Enough bad PR can mean things like congressional investigations and eventually even regulation.
by learc83 11y ago
Enough bad PR can mean things like congressional investigations and eventually even regulation.
- ikeboy 11y agoSo what specific regulation would fix this? The medical industry is too heavily regulated (see http://fdareview.org/harm.shtml http://fdareview.org/harm.shtml).
- CydeWeys 11y agoActually, this is perfect evidence that it isn't heavily regulated enough. No one should be allowed to come into an established market, buy up life-saving drugs, jack up the prices hugely for no good reason, and kill those who can't afford the increased prices in the process. This is one of the best arguments for more regulation I can think of. He's a multi-multi-millionaire literally killing people to make even more profit, and he's doing it in an entirely rent-seeking manner that adds no value to humanity whatsoever.
- ikeboy 11y agoActually, this is perfect evidence that it isn't heavily regulated enough. Technically, both are possible, but you're describing the situation inaccurately: and kill those who can't afford the increased prices in the process. The article says that they're providing the drug for free for those who can't afford it. So no one is dying due to the price being raised. Anyway, one poor outcome doesn't mean more regulation is needed. You need to weigh the costs against the benefits, and when that is done, the costs end out higher, even on the existing regulation regime. Can you propose specific regulations that would fix this, and not cause more harm elsewhere?