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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 3:59 PM EST

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To: Road Walker who wrote (183426)2/6/2006 2:07:05 PM
From: TimF  Read Replies (1) of 186894
 
OT

The customer determines the market, and the governments are the largest market.

If the government provides medical services and gets a lower cost buying in great quantity then its just market power. If the government makes itself a monopsony buyer by law (either directly or more likely by making itself a monopoly provider of health care or health insurance) by law than it isn't just market power. The government isn't just acting as a consumer but as a regulator and using the law to give itself an advantage. That isn't an example of a free market in operation.

We may have an "open internal market" but it is forcefully manipulated by our law

Much less so than in most other developed countries.

Forget "price controls", they have cost leverage.

You can't forget price controls. Explicit price controls is one of the methods that some of the countries use.

For some <political> reason we've decided to give the domestic leverage to the drug companies.

We do give monopolies to companies with patents but other than that we don't give domestic leverage to drug companies in a systematic way.
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