“Its obvious Trump wants to cut regulations, which all smart businessmen want.”
My favorite economics professor, Dr. Walter Williams, dispelled me of that myth over 37 years ago.
He asked the following question:
“Who here thinks that Big Pharm hates the FDA and all the costly regulatory hurdles and hoops the government forces them to jump through to get new drugs approved?”
One of us said “sounds about right” and the rest nodded in agreement.
Dr. Williams said “Then you’ll be surprised to learn that Big Pharm LOVES the FDA and its regulatory hurdles and spends hundreds of millions each year lobbying (bribing) congress to INCREASE them.
“Why? They understand that as regulations are increased, there comes a point where smaller competing pharmacuetical corporations can’t afford to comply, but due to economies of scale, Big Pharm can easily afford to staff entire departments which do nothing but compliance work.”
This is how large corporations use the federal government to kill off their competition and enforce monopolies within their industries.
Announce this afternoon waivers of MIPS regulations of MACRA were increased from 790k to 830k... not certain of the exact numbers. But that is still just a small percentage of those covered by MIPS/MACRA.
Don’t know what MIPS/MACRA is? It is a large set of contradictory regulations that all medical professionals allegedly have to obey. Slowly, very slowly the waivers go up.