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A comment on Illinois governor signs law capping insulin costs at $100 per month. Parent comment

Re:Illinois governor signs law capping insulin costs at $100... by jwbwater on Wednesday January 29, 2020 @01:22PM (#22183992)
The politicians solution: create another law. The economists solution: create more competition, probably by getting rid of some laws. I guess JB Pritzker knows more about politics than about economics.
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Re:Illinois governor signs law capping insulin costs at $100... by vmchale on Wednesday January 29, 2020 @02:07PM (#22184559)
> The economists solution: create more competition, probably by getting rid of some laws.

Or just set price controls (in the case of insulin)

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Re:Illinois governor signs law capping insulin costs at $100... by conanbatt on Wednesday January 29, 2020 @06:48PM (#22187338)
Economics is strongly against price controls. It's very much against the core mechanics of micro-economics. If you put a price control, you limit supply.
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