Thursday, September 10, 2015

The "Brave New World" in Health Care

The Institute for Clinical and Economic Review, funded basically by taxpayers (because it is a so-called non-profit organization) is opining on the "correct price" for drugs.  Last year they opined on the "correct price" of new drugs to treat hepatitis C and this week they opined on the "correct price of new drugs that treat cholesteral.

Instead of letting you and the free market decide, now, because of Medicare, Medicaid, and Obamacare, a team of bureaucrats decide your health future and whether or not saving your life is really worth the cost!  This team is also deciding whether or not future research that can cure cancer, treat dementia, and on and on, will take place.  Putting arbitrary government restrictions on drug pricing eliminates the incentives necessary for the free market to produce new medicines, drugs, and technologies to improve health.

Too bad you won't get to decide your future.

No comments: