Monday, November 23, 2009

Drug Companies and People both need Profits

"It's Disgusting ! ! There should be no profit in Health Care ! ! !"
Protesters at a recent rally in downtown Los Angeles demanded universal coverage. They told that America is a cruel land where profits come before people. 7 1/2 min video

“It’s disgusting!” said one woman. “There should be no profits in health care!” What about those who argue that profits drive medical innovation? “I think that’s kind of sick,” declared another protester, who wants the U.S. to be more like Canada, where government policy keeps drug prices, and drug company profits, lower than in America.

Many regard the profit motive as cruel, but it actually produces compassionate results. After all, America has generated vastly more medical innovations than other nations. Included in the long list is the innovation that saved the life of Dave Christensen, construction supervisor, husband, and father. After being diagnosed with cancer, Christensen was lucky enough to be given a then-experimental drug that probably wouldn’t have been developed or brought to market in any other country in the world.

If America follows the lead of the rest of the world and clamps down on profits in health care, who will make tomorrow’s wonder drugs?
H/T HotAir and Reason