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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: skinowski who wrote (100426)8/5/2009 8:46:36 PM
From: Elroy Jetson5 Recommendations  Read Replies (1) of 116555
 
Yes, the unnatural influence large pharmaceutical firms have over American politicians has eliminated normal free market dynamics in the pharmaceutical industry.

Only because of the undue influence of large pharma is the government prohibited from seeking competitive bids on pharmaceuticals for Medicare like private insurers do.

Only because of this undue influence of large pharma is the retail price for pharmaceuticals nearly triple the price in America as in other nations of the world.

Only because of this undue influence of large pharma does the large pharmaceutical industry enjoy a return on capital which is triple that of other American businesses.

Americans should demand the restoration of a free market in the pharmaceutical market.

This would take unleash the creative potential of smaller pharmaceutical firms which actually create new medications and greatly reduce costs and fraud in medical care.
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