Should the government set the price of it?
If the price set by the government does not seem worth it to company x, do you think they will develope new products?
Why are medications any different than any other product in this sense?
If you say, 'because people need meds', how will they get them if they are not developed?
2007-01-12 02:06:43 · 7 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
it is true the gov't gives money towards research an development. the gov't also gives art grants.
If the company agreed to price setting by taking the money, it would be different.
2007-01-12 02:21:30 · update #1
W are you talking about the Democrat's plan to require competitive bidding for the Medicare drug benefit program--part D? It's not a price control--it's a NEGOTIATION, just like there would be in the real world with real insurance companies -- "You want to charge HOW MUCH for that pill? No, it's too much; we won't carry it."
Capitalism only works to have effective prices if supply and demand meet at the same price. If the "supply" side gets to fix prices unilaterally and the demand side says "well, we HAVE to have these products, so we'll pay whatever, regardless of competition," that's not exactly fair then either is it.
2007-01-12 02:27:41 · answer #1 · answered by Perdendosi 7 · 2⤊ 0⤋
This is from the Pharmaceutical Business Review, for access to FREE research by type:
Biotechnology (802)
Company Analysis (8)
Drug Delivery (133)
Drug Discovery (178)
Drug Manufacturing (564)
Drugs Manufacturing (564)
Epidemiology (1)
Generics (9)
Genomics (12)
Healthcare Services (490)
Medical Devices (435)
OTC (Over-the-Counter) (129)
OTC Drugs Manufacturing (129)
Over-the-Counter Healthcare (OTC) (129)
Strategic Issues (6)
Therapeutic Areas (243)
Therapy Area (243)
That kind of research must cost a fortune for big Pharma.
I agree with 2+2. Why should we pay for FREE research.
2007-01-12 02:22:14 · answer #2 · answered by jcboyle 5 · 1⤊ 1⤋
If the government gives them money in the form of grants, that is American taxpayer money, and the government should have a say in setting the price. Otherwise, it is the companies decision. It is called "laissez-faire" policy. I also believe that consumers, if they find a better price (from Canada, for example) should be able to purchase from that source. Of course, "laissez-faire" is a pure (or economically liberal) market view. When government intervention (grants) is added to the mix, all bets are off.
2007-01-12 02:55:41 · answer #3 · answered by john_stolworthy 6 · 1⤊ 0⤋
don't forget that a lot of pharma companies get money from the government to do research. where does the govt. get that money? from you and me when we pay our taxes. i understand that the govt shouldn't be setting the price of meds but at the same time we shouldn't be flipping the bill to research drugs we can't afford. that's dumb.
2007-01-12 02:15:33 · answer #4 · answered by . 4 · 3⤊ 0⤋
The company should set the price. We are a free market country.
Your points show you understand how markets work. We already know that liberals do not
2007-01-12 02:14:29 · answer #5 · answered by Chainsaw 6 · 1⤊ 1⤋
Does the govt not help or subsidize research and development?
2007-01-12 02:17:58 · answer #6 · answered by kissmybum 4 · 3⤊ 0⤋
Does anybody not know this?
2007-01-12 02:09:42 · answer #7 · answered by Anonymous · 1⤊ 0⤋