LogFAQs > #925974283

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, Database 5 ( 01.01.2019-12.31.2019 ), DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicPolitics Containment Topic 234: Epsteins;Gate
LordoftheMorons
08/12/19 3:30:03 PM
#212:


Good article about drug pricing:

https://www.forbes.com/sites/craiggarthwaite/2019/07/25/drug-pricing-policy-means-deciding-when-to-say-no/

One thing that has always bothered me about Sanders et als rhetoric against pharmaceutical companies, insurers, businesses, etc is the implicit claim that theyre evil for seeking to profit from medicine or whatever, and therefore we have to stop them. But the entire goal of a capitalist system is to make society benefit (on average) from people doing whats in their own self interest (and then you can add on regulations to disincentivize stuff that hurts the rest of society). In the case of drug pricing, theres an important tradeoff in play: we can substantially limit the profit pharmaceutical companies are allowed to make off of drugs, but if we go overboard in doing so that heavily disincentivizes research which will hurt future patients.

---
Congrats to Advokaiser for winning the CBX Guru Challenge!
... Copied to Clipboard!
Topic List
Page List: 1