4 ms·
I`m applying top down ideology because I've never seen a socialized government industry out-compete any private pharma company by coming up with new/innovative
by remotecool 7y ago
I`m applying top down ideology because I've never seen a socialized government industry out-compete any private pharma company by coming up with new/innovative medicine.
The reason is because you need to risk lots of money for R&D well beyond "basic research" and historically, governments arent nearly efficient enough to accomplish this.
Private industry/the free market is the perfect way to do this and historically has proven itself over and over again.
Another problem is that FDA approval takes over a decade and many billions of dollars. We need to find a way to improve this, without sacrificing quality.
A couple of good examples of the free market working in the free market is LASIK eye surgery. 20 years ago it was thousands of dollars. Competition brought it down to less than $500.
You don't get this natural competition with the government monopolizing healthcare and price fixing.
We all win with more competition, and government-run healthcare is the exact opposite of this.
- toomuchtodo 7y agoIf we all win with more competition, why do so many people have to declare bankruptcy in the US from medical bills? Why are millions of people uninsured or underinsured? Why are prices so high for medical services in the US vs other first world countries with universal healthcare, while outcomes are worse?