3 ms·
As long as we have effective monopolies on new drugs, (either through patents or trade secrets) the market cannot function to drive down prices. I don't know wh
by learc83 7y ago
As long as we have effective monopolies on new drugs, (either through patents or trade secrets) the market cannot function to drive down prices. I don't know why people like to pretend that it can. Life saving drugs are as close to perfectly price inelastic as you can get assuming no competition.