That is a good idea, but frankly speaking the reason for the high price is neither demand nor supply. It’s medical companies purposely demanding a high price because of a lack of necessity to lower it. Not that there’s no competition, though it is small, they simply cartellized and no one actually cares.
It is the epitome of what capitalism needs to control for it to continue working.
There’s no place in the world where insurances pay as much for insulin. (I mean insurances don’t pay as much for any medication as IS citizens do, but that’s because they can flatly deny companies any sales and leverage them to lower their prices. )
US citizens are getting fucked over royally by pharmaceutical companies simply because the spokespeople, the elected attorneys of the people, refuse to cover the backs of the people. They’d rather profit from exploiting the basic needs of the people. It could also be a way to control them - but that would be a dangerous assumption
Oh that should be a thing regardless. I hope our health minister will manage to pass such a law in Germany. Whatever that tax is used on, it’s an incentive for companies to put less or no sugar in products and for consumers to consume less sugar heavy products.
In our case putting that tax revenue in to pensions or into defense would also be a viable option
That is a good idea, but frankly speaking the reason for the high price is neither demand nor supply. It’s medical companies purposely demanding a high price because of a lack of necessity to lower it. Not that there’s no competition, though it is small, they simply cartellized and no one actually cares. It is the epitome of what capitalism needs to control for it to continue working. There’s no place in the world where insurances pay as much for insulin. (I mean insurances don’t pay as much for any medication as IS citizens do, but that’s because they can flatly deny companies any sales and leverage them to lower their prices. ) US citizens are getting fucked over royally by pharmaceutical companies simply because the spokespeople, the elected attorneys of the people, refuse to cover the backs of the people. They’d rather profit from exploiting the basic needs of the people. It could also be a way to control them - but that would be a dangerous assumption
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Oh that should be a thing regardless. I hope our health minister will manage to pass such a law in Germany. Whatever that tax is used on, it’s an incentive for companies to put less or no sugar in products and for consumers to consume less sugar heavy products. In our case putting that tax revenue in to pensions or into defense would also be a viable option