@MontereyJack,
MontereyJack wrote:
False. Dems have fought against big pharma for years. It wass the repub w. bush who forbade by lawmedicare to negotiate for lower crug prices similar to the prices in all the other developed countries with government directed healthcare.
Do you analyze how Democrat policies affect markets and thus demand-driven pricing? When you subsidize something, or even just proclaim that central governmental power will be used to enforce demand, as in the case of ACA insurance mandate, the price goes up because business knows they are guaranteed sales at higher prices.
Prices come down when business is afraid it will make less money at higher prices.
Show me a Democrat policy that threatens to revoke business licenses, import rights, etc. to businesses that charge too much for pharmaceutical drugs.
That was the policy that GOP were advancing, but it hasn't been implemented yet as far as I know. There was an index of pricing in a range of developed countries, such as Australia, and prices had to be set within a certain percentage of that range.
Why didn't Democrats support that policy? Because trading partners told them it would cut into profits and investment, I'm guessing.
Have you ever noticed how Europe likes Democrats and hates Republicans? Do you think it might be because they can make more money in US markets when Democrats control government?
Now maybe there is something to this claim that pharmaceuticals have to invest a lot in R&D and testing, but why isn't that global industry more fair with pricing within the US and other markets? Answer: because US government and Insurers are rich while so many regular citizens aren't, so they price drugs high to get the government and insurance to pay more, without caring that uninsured people get priced out of the market as a result.
The Democrats' solution is to insure everyone, but that just launches the discussion of socialism and whether the rich should pay for everyone else's party, or whether prices should be brought down to levels poor people can afford without subsidies, insurance, etc.