[Pontiac]

The prices of medicines and tests are automatically reviewed and reduced by the panel every two years, and can drop more than 30 percent. “Hospitals need to invest in machines, but after that, they don’t need to spend much to keep doing the tests,” said Dr. Toshiaki Iizuka, a health economist at the University of Tokyo.

What a surprise!

An article in the New York Slimes advocating Government Price Controls on medicine.

I’m shocked I tell you! /S

[KarlInOhio]

“Hospitals need to invest in machines, but after that, they don’t need to spend much to keep doing the tests,” said Dr. Toshiaki Iizuka, a health economist at the University of Tokyo.

The same could be argued about printing presses, especially if the Times has fewer and fewer subscribers every year. Maybe the federal government needs to limit subscription and newsstand prices.