The world will suffer. We were making the new drugs, because we were the only country which still had incentives for the manufacturers to take risks. Now we don’t.
SO soon, every country that already socialized their medicine will finally feel the pain of that choice, as they won’t be freeloading on our backs. Of course, we will all be dead of some drug-resistant bacterial strain, but at least we will all go together.
The hippies will be happy as the earth is returned to mother Nature.
Merck was and is a key supporter of Obamacare.
Ergo, Merck’s board of directors and top management see it as being profitable for Merck in the long run.
“Socialized” medicine would not cut them out of the business, it would guarantee their sales in a controlled marketplace where they would be one of only a few big players. The government can be billed directly, which then in turn gets funds from taxes collected from the sheeple.
The government under socialized medicine is simply used to force everyone to pay for medical products and services at whatever price levels the final surviving medical monopoly companies happen to be able to provide (competition having been eliminated), and more importantly, centralizes the debt financing provided for medical facilities and equipment. Of course, tax revenue is used to service the debt, which is labeled as government-issued or backed bonds.
We’re not moving towards being controlled by government; we’re already well on our way to being controlled by financial elites which use the government as a proxy for controlling us.