Why Are Cancer Drugs So Hard to Get a Hold of in the United States?

by Pejman Yousefzadeh on August 30, 2011

Richard Epstein offers the most compelling answer: We’ve instituted price controls via the Medicare Prescription Drug, Improvement and Modernization Act of 2003, we’ve forced drug manufacturers to decide between selling drugs at a loss, or quitting the market, we have forced government to act as a “master insurer,” (Epstein’s words), and our elected officials are contemplating regulations which will only serve to make the problem worse.

And of course, while all of this goes on, people are dying.

(Link via Ben Domenech.)

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