Trump Wants Drug Makers, Insurers, & Hospitals To Disclose Prices!

[Benton]

(02-13-2019, 09:26 AM)Belsnickel Wrote: That is what makes it difficult. However, just because the government increases their investment in scientific research doesn't mean that private investment dries up.

There won't be as much private investment if there isn't profit (patents). That money will go to other gambles. 

If patents continue, then we're just subsiding one more industry. Taxpayers will pay for research, drug companies will cash in on that. In theory prices will go down because more companies will be creating the same drugs.

In theory.

That same theory has the price of most things you buy going up year after year despite reduced costs, more subsidies, and relatively stagnant wages. Hell, look at the auto industry. 

Until there's some kind of price control or massive negotiations on behalf of consumers, prices on drugs will keep rising.