4 ms·
This is a failure of the free market. When companies get too big, and no longer compete, they should be regulated. The free market only works when there's a .
by mig39 4y ago
This is a failure of the free market. When companies get too big, and no longer compete, they should be regulated. The free market only works when there's a ... free ... market.
- splitstud 4y ago[dead]
- BurningFrog 4y agoInsulin is hyper regulated in the US. There is no free market for insulin.
- mig39 4y agoIs it significantly cheaper in other jurisdictions? Like Canada?
- BurningFrog 4y agoThat's what I've heard, though I don't any data to show. In general all medications are the most expensive in the US, often by a lot. For two main reasons: 1. All other countries are to some extent "free riding" on the US market, and refusing to pay full price. 2. The FDA is doesn't approve a lot of things. So many cheap foreign medications are illegal to import. I heard that many forms of insulin are in this group.
- refurb 4y agoYou mean the same free market that produces most of the new, innovative drugs we have today? The same free market entities that produced covid vaccines in record time? That free market?