Friday, October 08, 2004

 

Lower Prices, Less Drugs

Alex over at MR has an interesting post on the effect of price regulations on pharmaceuticals and how price decreases could lead to decrease in the production of new drugs by a ratio of 1:4 (for every one percent drop in prices the growth rate in new drugs would drop by 4%).

I'll post some of my thoughts on prescription drugs later, but I think this is something that people should keep in mind when they listen to the debates tonight as I'm sure that the issue will come up.


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