3. The Times focuses on the fact that other countries control the cost of medications. They state that all other developed countries control the prices of drugs. There has been talk of importing drugs (our drugs) from Canada because they are cheaper. The Times states we are the only ones who allow pricing to be negotiated on the free market.
Let’s be accurate we are paying more for the medications we use, but they have the wrong culprits. Where the Times dismisses the fact that development costs are extensive for medications they don’t face the reality. Someone has to pay for these costs or the drugs we have will never come to fruition. Unfortunately, because of falsely limited pricing by other governments the burden of the development of these drugs falls on the shoulders of Americans. Because the writers at the Times haven’t the faintest clue how markets work they blame our government for not creating price controls versus the harm done by the other countries’ controls. They need only to go back 40 years and study the effects of price controls during the Nixon Administration. Just like we are paying for the defense of our allies, we are underwriting their medications.
4. While the Times bemoans the cost of prescription medication they don’t once mention the $2. 3 billion dollar annual tax established by Obamacare on prescription medications that further exacerbates the problem. The reason the tax was created is because it is a hidden tax much like other taxes on insurance policies and medical devices. These taxes will just escalate the cost of the drugs that the Times pleads are so necessary.
The Times certainly has the right to make its own case. The case they make is that the drugs created by peoples’ brilliance with funding by others does not warrant those people earning a profit because there are people who need those drugs and those people have a “right” to have them. They want to confiscate people’s rewards for their efforts and investment.
If you told the people at the Times that your basis of life resides in the First Amendment of the U.S. Constitution and that to live without the basic rights of the First Amendment your life would be a shell. That based on that you have a right to a “Free” press and that means their publication. They would laugh at you. But as always the left is excellent at dictating the rights of OPM (other people’s money.)