4 ms·
> "Yes. But they also charge more because they can. Healthcare is not special. It's like any other limited resources. That is, increase demand and the price goe
by ZenoArrow 9y ago
> "Yes. But they also charge more because they can. Healthcare is not special. It's like any other limited resources. That is, increase demand and the price goes up."
If you're talking about pharmaceutical prices, there are ways around that. For example, drugs that are FDA approved and available elsewhere in the world for a lower price should be able to be legally imported and sold at that lower price. To give an example of how this could be implemented, there was a bill that was proposed to allow drugs from Canada to be imported and sold:
https://www.pharmamanufacturing.com/articles/2017/senators-propose-bill-for-canadian-drug-import/ https://www.pharmamanufacturing.com/articles/2017/senators-p...
This bill was for the same drugs that legally available in the US, but sold at a cheaper price in Canada.
https://twitter.com/sensanders/status/819404681806016513?lang=en https://twitter.com/sensanders/status/819404681806016513?lan...
By increasing competition from imports, drug prices can come down. Also, allowing generics to come to market faster for the most commonly used drugs (i.e. cutting down the time for which a single pharmaceutical company has a monopoly on producing a drug) is another approach that can stop pharmaceutical companies from over-inflating drug prices in the US.