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Re:Illinois governor signs law capping insulin costs at $100... by nodesocket on Wednesday January 29, 2020 @11:39AM (#22182488)
My mother has diabetes and pays quite a bit for her insulin in California. I however am not sure government enforced price caps are the way to go. Today, people neglect to factor in the law of unintended consequences, and instead stand on a pedestal of moral superiority argument. What happens if price caps do reduce research. It’s no coincidence that the US has the best pharma companies and develops some of the most effective drugs in the world.
Re:Illinois governor signs law capping insulin costs at $100... by jwbwater on Wednesday January 29, 2020 @01:15PM (#22183904)
Agree price caps are not the solution. Don't agree about US big pharma. Novartis is a Swiss multinational, Roche also Swiss, Bayer is a German multinational, Glaxo Smith Kline is a British multinational... Big pharma is a global, or at least Euro-American effort.
Re:Illinois governor signs law capping insulin costs at $100... by petschge on Wednesday January 29, 2020 @11:57AM (#22182772)
Ah, yes. The famous American pharma companies Roche, Novartis, Bayer, GlaxoSmithKline and Sanofil come to mind...
Re:Illinois governor signs law capping insulin costs at $100... by nodesocket on Wednesday January 29, 2020 @12:02PM (#22182864)
Yes... Johnson & Johnson, Pfizer, AbbVie, Bristol-Myers Squibb, Eli Lilly, Biogen, Abbott, the list goes on and on.
Re:Illinois governor signs law capping insulin costs at $100... by chungus_khan on Wednesday January 29, 2020 @02:52PM (#22185048)
If the US only competes with and does not clearly and utterly surpass Europe (while serving the American people much less effectively), then how can your argument stand?
Re:Illinois governor signs law capping insulin costs at $100... by throwlaplace on Wednesday January 29, 2020 @11:45AM (#22182583)
>law of unintended consequences

otherwise known as the lets-keep-the-status-quo-because-i-can-afford-it argument.

>It’s no coincidence that the US has the best pharma companies and develops some of the most effective drugs in the world

lol best pharma companies according to share values or according to how many people they help?