> Government capture by big players who promote heavy regulation in order to eliminate smaller competition?
This is a meaningless statement without specifics. It has absolutely nothing concrete in it that would actually inform someone about what drives insulin production. It's a wrong and overly simplifies.
Are you really saying the regulations regarding the actual production of insulin is what drives up costs? We've been manufacturing insulin for > 100 years now.
And can you find a single resource that agrees with your assessment?
When you say "big players", you mean the top 3 right? Would regulating monopolies in the pharmaceutical industry maybe be a good thing?
Why do other counties pay less if it costs so much to make? Why does regulation in the US make US consumers pay more but not Europe, for example?
Do you think PBM's have any part to play in this? What about over-zealous patents by the monopoly at the top?
Do you have any actual experience in this field or are you just parroting talking points?
I worked for a large company that did devices used in surgery. They regarded FDA regulation as a moat that kept out all but large, established competitors.
Note that I am not saying that they tried to push (or worse, capture) regulators to achieve that end. I'm just saying that they didn't mind.
Government capture by big players who promote heavy regulation in order to eliminate smaller competition?
> Government capture by big players who promote heavy regulation in order to eliminate smaller competition?
This is a meaningless statement without specifics. It has absolutely nothing concrete in it that would actually inform someone about what drives insulin production. It's a wrong and overly simplifies.
Are you really saying the regulations regarding the actual production of insulin is what drives up costs? We've been manufacturing insulin for > 100 years now.
And can you find a single resource that agrees with your assessment?
When you say "big players", you mean the top 3 right? Would regulating monopolies in the pharmaceutical industry maybe be a good thing?
Why do other counties pay less if it costs so much to make? Why does regulation in the US make US consumers pay more but not Europe, for example?
Do you think PBM's have any part to play in this? What about over-zealous patents by the monopoly at the top?
Do you have any actual experience in this field or are you just parroting talking points?
I worked for a large company that did devices used in surgery. They regarded FDA regulation as a moat that kept out all but large, established competitors.
Note that I am not saying that they tried to push (or worse, capture) regulators to achieve that end. I'm just saying that they didn't mind.