Megan McArdle: Elizabeth Warren's generic drug plan is more placebo than cure

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  • Frozen Fractals Salt Lake City, UT
    Dec. 28, 2018 8:49 a.m.

    @Nichol Draper
    " I have received a nice tax break."

    Paid for by throwing it on the deficit. What is responsible about that? It'd be like arguing that a hypothetical Democratic policy of "what if we just send a 1,000 dollar check to everyone" is a win for everyone because free money.

  • JoeBlow Far East USA, SC
    Dec. 27, 2018 5:17 p.m.

    Redshirt.

    Did you even read my post?

    I included unions.

    I don’t want anyone buying our politicians.

    We have reasonable campaign laws. Superpacs skirt those laws

  • RedShirt USS Enterprise, UT
    Dec. 27, 2018 3:41 p.m.

    To "JoeBlow" if we outlaw superpacs can we also outlaw unions from engaging in political activities or endorsing candidates?

  • JoeBlow Far East USA, SC
    Dec. 27, 2018 2:02 p.m.

    One of the best solutions would be to outlaw superpacs. Our laws on campaign giving are reasonable but are circumvented by these superpacs.

    Stop allowing corporations, unions and really rich people to buy favors from our elected officials. That will fix much of what is wrong with this country.

    I suggest you visit open secrets dot org to see who is giving what and who is getting those dollars. Only then can you understand why our politicians (both R and D) do what they do.

  • JoeBlow Far East USA, SC
    Dec. 27, 2018 1:55 p.m.

    cutting taxes and cutting regulations is good for business. It stimulates the economy.

    That is why it is easier to find a job and your taxes are lower. It is not rocket science. It is not a newsflash.

    But, ask yourself. What is the cost.

    Well, huge deficits are one answer. Stimulating the economy can be good when it is in decline.
    But deficits will eventually come back to haunt you. And me.

    If we get rid of all regulations and all taxes, that will stimulate the economy also. But when schools close and the roads deteriorate, there is a problem.

    We need a balance. Trump only wants to take care of Today and has no concerns about tomorrow.

  • Nichol Draper West Jordan, UT
    Dec. 27, 2018 7:33 a.m.

    How is the Republican idea of getting a businessman into office and having him fix everything a myth? I have received a nice tax break. It is easier to find a job. I have less fear that the government is going to level another extreme mandate on my employer that will cause me to lose my job. How are any of these things a myth? I really do not think you understand the word myth. What did you think we wanted? I got what I wanted. I do not expect a president to be able to do too much, but what a president can do, Trump has done.

  • Frozen Fractals Salt Lake City, UT
    Dec. 26, 2018 12:27 p.m.

    Well it's not like we even have to get to the gold standard. Our 2013 expenditures in prescription drugs and over the counter medicine on a per capita basis was 1026 dollars. Countries like Denmark (240), Norway (367), Sweden (459), and Finland (also 459) are great but our prices are so bad if we merely join the worst other industrialized countries we'd have a big cost reduction (Japan 752, Canada 713, Germany 678).

    Getting to Canada levels, a savings of 300 dollars per capita for 300 million people would be 90 billion dollars a year.

  • SMcloud Sandy, UT
    Dec. 26, 2018 11:38 a.m.

    Well McArdle, insulin in Scandinavia costs about 1/10 of what it does here. Why?

    So if you have any better ideas, I'd love to hear them.

  • UtahnAbroad Sandy, UT
    Dec. 26, 2018 11:37 a.m.

    Germany keeps prices down by only allowing incremental increases in price - and the company has to prove that they have improved the drug significantly to get the price increase approved.

    The government also negotiates bulk deals so that the prices stay low.

    I know it costs to test drugs and create them but some of these companies really rape the system and it shouldn't cost 80,000 for a consumer to buy a single drug.

  • Laura Bilington Maple Valley, WA
    Dec. 26, 2018 9:15 a.m.

    McArdle sets up a straw man--that these allegedly burdensome regulations are stopping companies from manufacturing generic drugs--and then triumphantly knocks it down, throwing the obligatory smear to Elizabeth Warren in the process.

    Ms. McArdle, if you have some actual examples of these allegedly regulatory overreaches, then please name them. And if that tiny sliver of countries in northern Europe--aka Scandanavia--has found ways to have better lives, let's check that out and try it here, rather than sneeringly dismissing them because they're geographically small.

  • 1covey Salt Lake City, UT
    Dec. 26, 2018 8:11 a.m.

    The myth that really needs debunking is that a President is solely responsible for every success or failure in government action. The President is an important player, and exerts a considerable power, but Congress also is an important and necessary player and Congress is a complex political operation, far from being monolithical. There are always at least two points of view; and recently, finding middle ground has proven increasingly difficult.

  • "Hakuna Matata" Vernal, UT
    Dec. 26, 2018 1:06 a.m.

    "But that's not enough for Sen. Elizabeth Warren, D-Mass. Warren is preparing for a presidential run, and you don't get to be president by saying "The FDA is working on it." No, you call for action. "

    DNC, she is not the answer to your shot at the Whitehouse. Look elsewhere. You back her up and you might as well not plan to have any DNC POTUS occupy the Oval Office.