Blocks: (and blocked blocks) Pro Blocks Con generic block - CGB Con innovation block - CIB Ctrl+f Con Blocks Con to Pro CBG block - CTP Pro Medical AI block - PMAI Pro health Inequality block - PHI Pro consumer benefit block - PCBB Con to Pro PHI block -CTPPHI Pro black market block - PBM PBM Block -PBM[2] Pro Blocked Response BPR (GNRCS) Anti - R&D Budget Reduction Block - ARDBR
200 Drugs do not have a generic form.
PBM[2] PBMS are massive and getting rid of them would cause destruction to the economy. Du finds that they bring in 300 B in revenue each year, so this would make a large dent. We are getting rid of 10% of our GDP.
ARDBR You said that R&D budgets would only lose $50B dollars with 80% cuts. But these budgets have been proven to work, as there have been many pharmaceutical advancements with this small budget. Therefore, losing 80% of the budget would still impact R&D. PBM Price controls would not effectively remove black markets; as there are many
PCBB Even if these price controls would provide benefits to consumers in the short term, it would hurt them more than it would help them, since price controls would drive down drug prices, which makes less money for innovation, which means less new medicines for consumers.
PHI Even if some Americans cannot afford certain medications, it is highly unlikely that they would die, because of healthcare bills such as the ACA (Affordable Care Act) that provided insurance to uncovered Americans. And, anyway, 90% of drugs prescribed in the US were cheap generics last year, so there really wouldn't be much health inequality.
CTPPHI
But there is still health inequality and some people may still not get the medicines that they need, and anyway, there are cheap generics for the people who can't afford brand name drugs, which pose no threat to consumers as they are still evaluated by the FDA.
PMAI Even if Medical AI would be a consequence of Price Controls, there is no guarantee that Medical AI would be that much of an improvement. And anyway, Medical AI would be prone to hacking and other things that would reduce the benefit of it/render it ineffective.
CGB Generics are, indeed, lower in price than most medications that are not generic. However, there are also non-generic medications that don't have generic versions, so imposing price controls would bring those Drug prices down and make all drugs cheaper, therefore reducing health inequality, etc.
CTP While there are many drugs that currently do not have any generic forms, according to Wayne Winegarden, "Nearly 90 percent of all drugs dispensed in the U.S. in 2016 were generic medicines, according to IMS Health Therefore, any price control scheme would not apply to the majority of patients who are using inexpensive generics, not more expensive patented products." 90% is a vast majority of all the drugs that were dispensed in the US. Wayne goes on t