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[-] ohitsbreadley@discuss.tchncs.de 5 points 1 year ago

In the medical device and pharmaceutical industries, this more or less already exists in countries with socialized medicine. It's not as explicit as my formula, but the price of medications and devices are regulated. Industry needs to demonstrate the actual benefit of a new product over a prior product for the system to pay for it, and the price of the product is then set on the basis of the health economic value it brings.

Some say it stifles innovation, but honestly, it eliminates the bullshit minor changes that are only made to continue justifying high prices and exclusivity.

Anyway, I think the "Exodus of industry" argument is an empty threat the shareholder class makes when they feel threatened. A market is a market, and if they want to continue to sell in it, they have to follow the rules, even when they change.

this post was submitted on 08 Oct 2023
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