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The solution to this problem is pretty simple: throw all these guys in prison for price fixing and set price caps on the drugs. Look: if the power company was
by fallingfrog 7y ago
The solution to this problem is pretty simple: throw all these guys in prison for price fixing and set price caps on the drugs. Look: if the power company was allowed to set the price of electricity to whatever they wanted, how much would your electric bill be? Some industries require regulation. You might not like that but it’s a fact.
If the government was to set up its own insulin manufacturing plant and sell the insulin at 20 dollars a vial, every private manufacturer would drop their prices to match by nightfall the next day. Let’s not act like this is a confusing or unsolvable problem. This is a trivially simple problem with several perfectly obvious solutions.
- fallingfrog 7y agoAnd I just want to point out also that the reason the problem goes unsolved is not because it’s difficult, Congress doesn’t have the power, or anything like that. The reason they don’t solve the problem is because, and I cannot emphasize this enough, they don’t care.