4 ms·
Your comment contains nothing of value. If you have a better way to allocate scarce resources please state it.
by terminalshort 7mo ago
Your comment contains nothing of value. If you have a better way to allocate scarce resources please state it.
- maest 7mo agoIn the US the allocation process itself is very expensive. Something like a third of the cost goes towards paying the administrative costs of navigating the byzantine insurance rules.
- RobotToaster 7mo agoThese resources are only scarce because of artificial scarcity. This is especially true of patent medicines, where it's government enforced artificial scarcity.
- nradov 7mo agoIf not for the government enforced artificial scarcity then many of those medicines wouldn't exist in the first place. Bringing a new drug to market costs >$1B now, largely due to clinical trials. No one is going to do that without patent protection.
- MrDrMcCoy 7mo agoMedical patents should come with compulsory licensing requirements. Nobody's saying that research houses shouldn't get paid, just that the monopoly needs to end.