Pretty crappy reason to dislike Obamacare. We’ve been, according to this article, subsidizing the world’s drug supply with our tax dollars and insurance premiums. Now they’re whining that our subsidy will be gone and that’s going to affect us as well as them. Tough. Let the socialized medicine countries help foot the bill for the drugs.
The European governments won’t do it. They would prefer that their populations die off. It will enable the feudal vision they have for Europe.
What the effect will be is more consolidation in the pharma industry, and fewer biotech startups. In the end it will mean less innovation, but this will happen over the span of decades, not years.
Because a rabbit enjoys a few of your turnips doesn’t mean you burn the garden.
We will mame do with less and so will the world. I’d rather have new drugs even if it meant the socialsts plunder it as well.