Saturday, December 26, 2009

Healthcare Reform and Medicare Drug Price Negotiation

It's about time that our health care system is being closely examined for inadequacies. Though this process so far has been torturous, with the votes looking non-partisan and strictly along party lines, it is still great news that something is finally being done to take care of the uninsured. It's a relief that medicare drug price negotiations are (largely) off the table. In our great free-market system, price negotiations will not only artificially lower the cost of medication at the expense of shareholder return, it will also stifle innovation that has characterized the drug industry.