Quote:
Originally posted by Hank Chinaski
Well since I'm accused of creating irrelevant side arguments so I can win, let me ask what point burger's point raises.
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I think he's saying that:
(a) since the bulk of pharma profits come during periods in which they have a statutorily-granted monopoly on the products at issue, and
(b) because monopoly pricing is inherently inefficient,
(c) therefore, drug prices could be regulated/lowered to reach a more socially efficient price somewhat lower than current prices, and
(d) drug companies would still invest and make products and profits.
Of course, finding the right price to strike that balance is tricky, to say the least.
Quote:
Originally posted by Hank Chinaski
This started when I said Canada has bad medical and its citizens come here, SAM said "busloads go to Canada to buy pharms." (Of course if true the buses would be raided at the border) I said thats another reason why turning the US into Canada would screw up our health care- pharm cos. would stop developing.
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You may be partly right -- in that the buses are mainly going to Mexico to buy drugs, but plenty of folks cross to Canada for that purpose Google it.
Quote:
Originally posted by Hank Chinaski
burger points out profits are mainly during the patent period- okay- I don't see how that impacts my argument.
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My simplified elucidation of his antitrust-theory related arguments should make the applicability of his arguments to yours crystalline.
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