4 ms·
> Thing is if people start hoarding medicine then new companies can pop up and fill in the gap, or existing ones can increase production, making the whole thing
by jjav 5y ago
> Thing is if people start hoarding medicine then new companies can pop up and fill in the gap, or existing ones can increase production, making the whole thing pointless to do.
Hoarding medicine isn't a trend and even so, this market correction doesn't happen. Look at all the medicines with insanely high prices because there won't be any competition.
- chii 5y agoSome medicines are high price because of market intervention by gov't (or regulatory capture) - like epi-pens. Some medicines are high priced because noone really needs it, and the few remaining bear the brunt of the cost (or society subsidize the cost via taxation). How come aspirin or penicillin isn't expensive? They are more commonly used, and so if the hoarding method works, it would've been even more profitable!
- tempestn 5y agoHow come insulin is expensive?