what kind of effect would this have on the economy?

Question

lower drug prices, preserving social security and medicare


what kind of effect would this have on the economy?

what would be good, what would be bad?

Answer 1

*government forced lower drug prices = bad, will eventually result in less innovation
*natural decrease lower drug prices = good

*preserving social security and medicare = not one remote good thing about it. More taxes. More government dependence that leads to even fewer incentives to work and earn. It has got to be reformed without raising taxes and increasing their size.

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Answer 2

lower drug prices = less money to drug companies (good and bad)

good is obvious: tons of savings!

but.....people often dont understand the negative....drug companies spend hundreds and hundreds of millions of dollars on research for drugs and medicine. if they were forced to take lower prices they wouldnt happily lower their profit margin they would probably lower their research and development costs and quit taking financial risks that could lead to the next cancer treatment, etc. so yes lower prices means more seniors and lower income can afford existing medicine but it may hurt future development as it is very very expensive to fund.

Answer 3

Longer living people more strain on the social securty levels. Its a good thing you get to live. Its a bad thing you have nothing to live for. ie. bad economy and no money.