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Absolutely, except for the wealthy private interests like pharmaceutical companies and insurance. Polls show the majority of Americans have favoured a single-p
by Synaesthesia 9y ago
Absolutely, except for the wealthy private interests like pharmaceutical companies and insurance.
Polls show the majority of Americans have favoured a single-payer system now for decades. This was the case under Reagan even, and still is today.
This shows the degree to which the US is not in fact a true democracy, but more of an oligarchy. However things can change if there is enough public pressure. People just need to be organized.
- jonlucc 9y agoPharma companies don't necessarily lose out with single payer. Consider that the vast majority of drugs prescribed are generics, and most generics (aside from those making headlines) are available pretty cheaply (you can check GoodRx to see real prices). Of course, you might shave a good amount of profit from big pharma by negotiation (if there's a single payer or a few payers, they have a lot of power), but you don't want to stop R&D. How we shift that R&D burden and to whom, I have no idea. Disclaimer: I work in big pharma research (nothing to do with pricing)
- refurb 9y agoThis is very true. Prices might go down under single payer, but more people are covered. Overall, prices may go down, but volume drives overall revenue up.