4 ms·
Price-fixing is the best way to create shortages. How this problem is solved in pretty much any other area of economy: improve supply, or in other words make s
by nickpp 5y ago
Price-fixing is the best way to create shortages.
How this problem is solved in pretty much any other area of economy: improve supply, or in other words make sure it is as easy as possible to import or create and sell competing products.
How easy is to start an insulin providing business tomorrow in the USA? Exactly. But planners gonna plan...
- Edman274 5y agoDo you think that if the price of insulin goes down that there's suddenly going to be a huge floodgate of people who will consume a lot more insulin than they're already consuming now? Like, people who were like "yeah, I'll buy insulin at 35 dollars but not at 300 dollars, if it hits 300 then I'll just wait this one out" or that they'd be like "oh, now that the price of insulin has been cut by a factor of ten I'll consume ten times as much"? Like, you know how insulin works - either you get it within 24 hours, or you don't and you go into a coma and die, and how much you take isn't influenced by any factor other than what you eat?
- nradov 5y agoThis bill doesn't actually fix prices charged by manufacturers, and thus won't cause shortages. It fixes out-of-pocket costs for patients, with insurers (and employers) picking up the difference. We can expect medical insurance premiums to increase as a consequence.