3 ms·
Interesting - Why doesn’t this happen in other fields? Why don’t we pay 10x more for iPhones? - When did the american public chose to engage in this magnanimo
by paulsutter 2y ago
Interesting
- Why doesn’t this happen in other fields? Why don’t we pay 10x more for iPhones?
- When did the american public chose to engage in this magnanimous largesse?
More likely it’s a scam and regulatory capture
- 0xDEAFBEAD 2y agoEconomists, and pharma lobbyists, argue against US drug price regulation because new drugs produce large positive externalities. I think it's a mix of pharma lobbying and also altruism. Pharma lobbies Congress to do the altruistic thing, and many Congresspeople agree, because they believe in markets and understand incentives.
- paulsutter 2y agoI’m arguing AGAINST the drug price regulation that allows pricing to be much higher in the US For example the prohibition on importing drugs from other countries, or the rules that prevent medicare from negotiating price for drugs