” Drugs are too expensive ... compared with what..”
Stopped reading right there. The author is an idiot. There is simply no way in hell, for any reason or any circumstance where I as an American should pay more than anyone else in the world. Period. Anybody who has an issue or objection to that? May then and their loved ones die of some horrible disease. Screw them.
Well, maybe if you read the article you would understand that Mr. Moore and Mr. Forbes agree with you, and have a plan to make it so.
You should have kept reading - your point is addressed. The condensed version:
"whatever we choose to do to make drugs less expensive, we had better be sure we aren't stifling or delaying the innovation that makes wonder drugs available in the first place. Price controls sound wonderful, but studies show that they often inhibit drug development. So there is a trade-off.
"[...] there is a right and a wrong way to make drugs and vaccines more affordable. The wrong way is for government to artificially hold down prices through price controls or reimportation of drugs (which is just a way to reimport price controls from other nations).
"The right way to lower drug costs is to stop allowing foreign countries to evade our patent laws and impose their own price controls. Many of our major trading partners -- including rich countries such as Canada and the European Union members -- have long enjoyed the fruits of American-funded progress on the cheap, thanks to state-sponsored price controls. They have been doing so for years.
"This "free rider" problem raises drug prices here at home because when foreigners pay below-market prices for the drugs, they escape the cost of underwriting the critical research and development investments. The cost of developing a new life-saving drug can be as much as $2.5 billion. American consumers are the suckers who have to pick up the tab."
Price controls are industry killers. Canadians pay less for health care. Do want that system where rationing is common? These countries cannot afford to invest in new drug therapies. why do you want to go into the abyss. You want to destroy a great industry just like Obamacare is doing for insurance companies and medical care.
there is a sense of entitlement that’s pervasive in this country.
There is a cost associated with developing new drugs. If you don’t want to pay you don’t have to. No one is twisting your arm.