Market fail for pharms.

Saturday, September 19th, 2009 @ 12:55 pm | Clueless Conservatives, Health Care

A Sullivan reader points out how short free market rhetoric falls when it comes to prescription drugs:

Sick people will consume only the quantity they need to stay alive/healthy, but will pay any price for that. If pricing was left up to the market, supply and demand for patented, life-saving drugs would reach equilibrium at about 100% of the consumer’s assets, plus five years of indentured servitude.

The reader also notes that the drug he needs, for narcolepsy, is only available because of government intervention.

“Keep the gubmint out of my Medicare!” sums up the fundamental contradiction of the right: protesting against government involvement, utterly dependent on government involvement.

-jb

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