December 19, 2018 | Comments Off on Pharmaceuticals
Posted by Frank Ciesla
As you can see from the following link (https://www.washingtontimes.com/news/2018/dec/18/elizabeth-warren-us-govt-ought-make-generic-drugs/), Elizabeth Warren is proposing that the government now go into the manufacture of pharmaceuticals. I have proposed in two prior blogs (http://njhealthcareblog.com/2018/05/17/pharmaceutical-pricing/; and http://njhealthcareblog.com/2018/11/08/pharmaceutical-pricing-update-to-may-17-2018-blog/) that we take a much more direct and simpler approach…that is that we legislatively impose the Most Favored Nation’s treatment on the drug industry. This makes a lot more sense than creating another government bureaucracy. The government’s track record in the medical field, as shown by their inability to provide care to veterans under the Veterans Administration is not at all encouraging and there is no reason to believe that their endeavor in the pharmaceutical field will be any better.