Solution to the Drug Market Scam: Why You Pay Way Too Much for Bad Medicine
We can do better and Senator Bernie Sanders has proposed a way. He has introduced a bill to create a prize fund that would buy up patents, so that drugs could then be sold at their free market price. Sanders’ bill would appropriate 0.55 percent of GDP (about $80 billion a year, with the economy’s current size) for buying up patents, which would then be placed in the public domain so that any manufacturer could use them at no cost.
This money would come from a tax on public and private insurers. The savings from lower-cost drugs would immediately repay more than 100 percent of the tax.
Why the masses are always angry at unions and poor people is beyond me. How can you blame anyone but big business and the lack of regulation for our financial troubles is beyond me.