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Because the profit made by "curing people" is actually done by keeping others from curing people, via aggressive patenting, FUD over generics, lobbying against

Because the profit made by "curing people" is actually done by keeping others from curing people, via aggressive patenting, FUD over generics, lobbying against legislation that would make prices reason able... There's also the fact that public health is not a simple economic market, where customers can simply not buy your product. In a lot of cases, it is a life or death situation, and real human have to be treated, so it should be considered a public service.

rayiner 9y ago
> Because the profit made by "curing people" is actually done by keeping others from curing people, via aggressive patenting It’s not like the treatment was just out there until AbbVie monopolized it. Chron’s disease was medically characterized in 1932. Anyone could’ve come along and developed this treatment and gave it away for free or cheaper. > lobbying against legislation that would make prices reason able... That just begs the question of what’s “reasonable.” What single payer does is create a monopsony (single buyer situation). Obviously it lowers prices, that’s what monopsonies do. But like it’s counterpart, the monopoly, it’s economically inefficient.