Topic: Universal Healthcare and Healthcare Reform
Question: Drug prices are often cited as a reason for the high costs of healthcare. However, introductions of new drugs often reduce the cost of healthcare ( https://www.manhattan-institute.org/issues-2020-drug-prices-account-for-minimal-healthcare-spending (Links to an external site.)) and exceptional cases (i.e. insulin and Daraprim) are generally a function of patent law or regulatory compliance issues. Why do we focus so much on drug costs, and why do we not criticize the high costs of regulatory compliance (i.e. FDA approval and cGMP) driving up the costs of new drugs?
The left never mentions compliance costs in the discussion of health care. They never mention property tax or zoning laws in the high cost of housing. They never mention the massive education bureaucracy in the high cost of education.
The left blames all problems on the diminishing free market which used to (a century ago) define health care in the US.