The problem isn't that the government can force down drug prices, the problem is that they will. Why even bother giving the drug companies a patten on the drug if the government can then force down the price?
There is no guarantee that government negotiators would do better. Medicare’s chief actuary concluded last year that the government would be unlikely to get bigger discounts, and the head of the Congressional Budget Office judged in 2004 that for most drugs that was true. . . .
- Name: John Lott
- Location: Virginia, United States
My commentary on a broad array of economics and crime related issues.
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Copyright 2005 by John R. Lott, Jr. All rights reserved
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