https://costplusdrugs.com. If you need any life saving drugs, go to Cuban for them.
The solution to America’s expensive healthcare
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9 days later
Or get rid of the American Medical Association; Get rid of pharmaceutical patents; Get rid of the FDA.
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@Athias
Or get rid of the American Medical Association
Why?
Get rid of pharmaceutical patents
If that happens, no private entity is going to make patents and I think if you create something, you should own it unless you sell it (with exceptions like a child).
Get rid of the FDA.
Why?
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@TheUnderdog
Why?
The American Medical Association is a cartel for physician labor which artificially creates labor shortages in order to inflate physician wages and salaries. The cost of physician labor is extended to medical services. By getting rid of the AMA, you'll get rid of the inflated costs.
If that happens, no private entity is going to make patents and I think if you create something, you should own it unless you sell it (with exceptions like a child).
Patents are nothing more than state-sanctioned licenses to operate as a monopoly in the industry. By getting rid of patents, the market will allow for cheaper generics, which will bid down the prices for already overpriced drugs.
Why?
The FDA's regulation on the dissemination of drugs naturally creates a shortage of available drugs. The dissemination of drugs can be regulated in the private sector, and independent boards can be set up to oversee the content of said drugs.
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@Athias
By getting rid of the AMA, you'll get rid of the inflated costs.
But then we get less effective drugs. Companies cal sell placebos that don't really work in the long run to make a profit.
By getting rid of patents, the market will allow for cheaper generics, which will bid down the prices for already overpriced drugs.
Patents only last 20 years, and Mark Cuban has cheaper versions of the same drugs on his website.
The FDA's regulation on the dissemination of drugs naturally creates a shortage of available drugs.
We would get worse quality drugs if the FDA didn't exist.
But then we get less effective drugs.
In your interpretation inexpensive drugs = less effective?
Companies cal sell placebos that don't really work in the long run to make a profit.
Explain how a company can get away with selling placebos in the long run if there's no state sanction of distributing said placebos.
Patents only last 20 years,
Only twenty years? What do you imagine is the average life-span of those who are combating the ailments which necessitate the use of these drugs under 20-year patents?
We would get worse quality drugs if the FDA didn't exist.