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My mother has diabetes and pays quite a bit for her insulin in California. I however am not sure government enforced price caps are the way to go. Today, people
by nodesocket 7y ago
My mother has diabetes and pays quite a bit for her insulin in California. I however am not sure government enforced price caps are the way to go. Today, people neglect to factor in the law of unintended consequences, and instead stand on a pedestal of moral superiority argument. What happens if price caps do reduce research. It’s no coincidence that the US has the best pharma companies and develops some of the most effective drugs in the world.
- throwlaplace 7y ago>law of unintended consequences otherwise known as the lets-keep-the-status-quo-because-i-can-afford-it argument. >It’s no coincidence that the US has the best pharma companies and develops some of the most effective drugs in the world lol best pharma companies according to share values or according to how many people they help?
- petschge 7y agoAh, yes. The famous American pharma companies Roche, Novartis, Bayer, GlaxoSmithKline and Sanofil come to mind...
- nodesocket 7y agoYes... Johnson & Johnson, Pfizer, AbbVie, Bristol-Myers Squibb, Eli Lilly, Biogen, Abbott, the list goes on and on.
- chungus_khan 7y agoIf the US only competes with and does not clearly and utterly surpass Europe (while serving the American people much less effectively), then how can your argument stand?
- jwbwater 7y agoAgree price caps are not the solution. Don't agree about US big pharma. Novartis is a Swiss multinational, Roche also Swiss, Bayer is a German multinational, Glaxo Smith Kline is a British multinational... Big pharma is a global, or at least Euro-American effort.