Thursday, October 22, 2009

Health care, new handout to the drug companies

According to NHPR this morning, the 1500 page health care bill now extends patents on drugs by 12 more years. Talk about a pay off to big pharma. Talk about a cost enhancer.
Right now the drug companies get plenty of incentive to develop new drugs. They are making solid profits. We don't need to pass them more taxpayers money.
New drugs still on patent cost like crazy and the drug companies make money hand over fist on them. After 17 years the patent expires and other companies start making the stuff. And the price goes down by a factor of ten. Hundred dollar pills become ten dollar pills.
Extending the life of drug patents takes money out of everyone's pocket and gives it to the drug companies.
Write your Congress critters.

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