Current Events > Wait a second...we could've capped medicine cost all along?

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Squall28
03/22/20 11:45:20 PM
#1:


With no medicare for all?

https://www.nbc15.com/content/news/Illinois-governor-signs-law-capping-insulin-costs-at-100-per-month-567282431.html

Why haven't we been doing this?

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FL81
03/22/20 11:46:42 PM
#2:


Squall28 posted...
Why haven't we been doing this?
because price caps cause artificial shortages

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DiegoSanchez206
03/22/20 11:48:18 PM
#3:


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jumi
03/22/20 11:49:26 PM
#4:


Because lobbyists.

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Ubergeneral3
03/22/20 11:51:11 PM
#5:


greed

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TheMikh
03/22/20 11:53:32 PM
#6:


FL81 posted...
because price caps cause artificial shortages
this

jumi posted...
Because lobbyists.
also this

DiegoSanchez206 posted...
Capitalism.
if private sector prices distorted due to state mechanisms, that is paradoxically a manifestation of the tragedy of the commons

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vigorm0rtis
03/22/20 11:56:55 PM
#7:


See: Revenue Act of 1954.

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monkmith
03/22/20 11:58:50 PM
#8:


FL81 posted...
because price caps cause artificial shortages
huh, that would explain the insulin shortages then, you know the ones that predate this one state law...

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008Zulu
03/23/20 12:03:53 AM
#9:


jumi posted...
Because lobbyists.
They drive big dump trucks, filled with cash, right up to the politicians front doors! What are they supposed to do, turn it away?

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Squall28
03/23/20 12:04:21 AM
#10:


FL81 posted...
because price caps cause artificial shortages

Doesn't insulin medicine have inelastic product? I don't think demand would skyrocket if prices were suddenly reasonable.

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