The Consequences of Pandering on Insulin Prices.

WSJ Clumsy meddling in drug prices.

It’s hard to know if Democrats are really that ignorant of economics or just don’t care how much harm they do as long as the public doesn’t understand.

3 thoughts on “The Consequences of Pandering on Insulin Prices.

  1. For markets to work effectively for all parties requires some sort of parity between buyers and sellers. Insulin pricing in this country illustrates and explains why the for-profit model does not work well for healthcare.

    Trying to deal with this relatively small part of the real problem is like putting a Band-Aid on an oozing cancer. The only known real solution is a national single payer system – Medicare-for-all. Single payer systems work far better than the mess we have built for ourselves by almost every measure in almost every place.

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    1. Nope. The problem is 100% government in the first place.

      One of the few good things LBJ did was to allow generic drugs int the marketplace, subject to determination of bioequivalence.

      But Obamacare gave the FDA the authority to “protect” markets by licensing generic suppliers, which they have done with gusto, eliminating the advantages of generics.

      Insulin has been off patent for 100 years.There are 135 suppliers world wide, 4 are licensed by the FDA

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  2. RE: “It’s hard to know if Democrats are really that ignorant of economics or just don’t care how much harm they do as long as the public doesn’t understand.”

    Well put. I’m reminded of the line in the movie, The Man Who Shot Liberty Valence: “When the legend becomes fact, print the legend.”

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