Prescription drug prices 💊

I don’t know enough about the business models of drug companies to evaluate their price strategies or how they justify significant price increases for an existing drug beyond keeping up with production costs, but I do know from many years of experience that corporations have a history of doing dumb, shortsighted things that eventually bring a deluge of laws and regulations upon them. This may be such a case.

ERISA, COBRA, many anti-discrimination laws, labor laws all sought to fix something perceived as a problem caused by people making stupid decisions or ignoring an easily fixed problem.

Sooner or later Americans are going to say “enough” and politics will be secondary as drug companies find themselves more highly regulated with far less flexibility

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