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Health Has Nothing To Do With It. Profits Do
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Read this story of one family's plight when the price of a drug necessary to control their son's seizures went up 97,000 percent, for no other reason because the drug company COULD raise their prices. The drug was invented in the 1930s, so it wasn't that they needed to recoup their R&D costs. They just saw an opportunity to make lots of money. And the insurance companies are complicit in this; they balk, but ultimately, when they pay, it just keeps costs high and they pass it along to you and me in premiums. The government, in this case, reached a settlement over the overcharging, but if you're arguing that the open market will be better for health insurance than single payer or highly-regulated systems, this case is a taste of what an open market will bring, and it's not lower prices. (CNN)
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