Indian Government uses special powers to slash cancer drug price by 97%

Re:Indian Government uses special powers to slash cancer dru... by nickik on Tuesday March 13, 2012 @07:42AM (#3697953)

So if the businesses make no more money how will the invest in R&D for new medication? Im not advocating pure capitalism but businesses have to make some profit.

I agree that the more socialsist systems work better atm but this does not include development of new medication and equipment. Would you want that in gov hands too?

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Re:Indian Government uses special powers to slash cancer dru... by danssig on Wednesday March 14, 2012 @08:09AM (#3702775)

>Im not advocating pure capitalism but businesses have to make some profit.

Agreed. Which is why health care shouldn't be a business. It leads to perverse profit incentives and it's an inelastic market in any case (you can't "opt out" of care for a heart attack).

>Would you want that in gov hands too?

Not in US government hands, no. But more competent governments could certainly handle this via grants (in fact, I think even the US does this to some degree), etc.

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