Why don't we just remove government regulations on everything? Then every industry will be just like the pharmaceutical industry. Wouldn't that be just peachy keen?
http://www.bloomberg.com/gadfly/articles/2016-02-05/martin-shkreli-s-hearing-circus-here-s-the-real-lesson
http://www.bloomberg.com/news/articles/2014-11-13/college-tuition-in-the-u-s-again-rises-faster-than-inflation
ReplyDeleteOkay,here are the current data. College cost rose faster last year, adjusted for inflation, than in any previous year. But look at the difference in private and public college costs, pretty amazing. However none of this has anything to do with drug costs, which was my topic.
Deletehttp://trends.collegeboard.org/college-pricing/figures-tables/tuition-and-fees-and-room-and-board-over-time-1975-76-2015-16-selected-years
DeleteA few nut cases don't represent the entire drug industry and you know it.
DeleteOf course, however the ones who take advantage of the lax regulations are causing great harm to those who need their products but can't afford them because of the unjustified high costs. Yes, research and development costs should be taken into account, but not by someone who buys a company and artificially jacks up the prices because they can because of lax regulations.
DeleteNo amount of new regulation will ever prevent a jackal from temporarily working the system. Over regulation only helps the lawyers.
DeleteThe government holds over 90% of student debt. If Bernie gets elected and cancels student debt with his pen who holds the bag? I know, just add it to the national debt.
What I hear in that William is that we should skip regulation because you will still have cheats. When these "jackals" as you call them come along, they don't just take a little, they take gobs.
DeleteAs for that debt, can you explain to me why it needs to carry a high interest rate?
Again you exaggerate, I never said we need zero regulation. Over regulation is counterproductive.
DeleteWhat do you consider a high interest rate?
High drug costs? Only for those who can't afford them. When I had my stent put in the blood thinning drug I had to take called Effient was 350 a month. But since I had insurance I was given a card that reduced that cost by 50 dollars, and I paid full price- $50 bucks 1 time. Then my insurance drug deductible was fulfilled and the insurance company paid the majority of the cost at a reduced rate of course. So if the drug company can reduce the rate at will for the insurance company why can't it just be affordable for everyone all the time.
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