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Comment Re:Predatory pricing (Score 1) 41

This is all government enabled. Lantus launched in 1999 at $38 a vial cash. It has 3 other competitors in the long acting insulin market and it's now several hundred dollars a vial. How? George W. Bush and Barack Obama's signature health care laws stated that the government wouldn't negotiate drug prices and, unsurprising to anyone who understands economics, the corporations who paid heavily to get that wording into law raised their prices, hurting Americans.

And every last fscker in Washington knows this. Biden's Inflation Reduction Act acknowledges it by stating that the Feds will start negitotiating drug prices....on 5 drugs in 2025 and up to 20 by 2030. Thanks for nothing.

Comment Re:Not really a surprise (Score 5, Insightful) 196

The schools aren't massively under resourced. They're massively over administratored.

I live in Alabama. We're not known for spending a lot of money on kids.

Our state spends about $8900 a kid a year and our average classroom size is 29. $8900 x 29 = $258,100 per classroom.

Other states metrics look just as bad.

Comment Re:Now go ahead (Score 1) 176

This whole situation is precisely because of government intervention.

You have the regulatory burden driving up costs known as the FDA.

Then you have George Bush's Medicare Part D where Big Pharma wrote the law and said the largest purchaser won't negotiate drug prices - so pharmaceutical companies are then free to raise prices because the largest purchaser will pay whatever.

Then Barak Obama's ACA implemented the same language from Medicare Part D in the commercial space and drug inflation really took off.

And then the Biden administration undid that language - kind of. In a few years... For 10 drugs at first then up to 20. Big whoop.

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