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Politics : A US National Health Care System?

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To: Mary Cluney who wrote (10695)10/26/2009 1:55:20 PM
From: TimF  Read Replies (1) of 42652
 
Didn't we just go through this with deregulating the financial markets?

No.

Pssst. Buddy, I've got this drug that can save your life from Wild West Pharmaceuticals. How much you want to pay? How much is your life worth?

Even in the absence of any regulation at all, its unlikely that medicinal drugs would be sold that way to any great extent. Most of the market would care about reputation and checks for safety.

In any case few would call for no regulation, or almost no regulation. The regulation that should be eliminated here is price controls, which limit investment in researching new vaccines, building production infrastructure for new vaccines, and development of faster and more flexible ways to produce vaccines.
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