Biotech Values

[rfj1862]

I think only one Democrat. The others may say it but I don't think they really believe it.

I think Medicare for All would be an amazing thing if it could be implemented.

From the perspective of drug development it would be a disaster; I think commercial drug development would basically be stopped dead in its tracks without the profit derived from the US market.

Here's the thing though: Medicare for All is only going to attract votes from Democratic politicians.

But Medicare for All would destroy tens of thousands, maybe hundreds of thousands of jobs, if you count associated industries and services, in pharma and biotech.

And where is the majority of pharma and biotech located? In Democratic states and districts. And those votes would be needed to pass Medicare for all.

So your average coastal or Chicago Democrat is faced with a really tough choice: healthcare for all or lose thousands of high-paying jobs not only in pharma but also in all of the supporting industries? Medicare for all would turn parts of NJ into Detroit.

So that's why I'm expecting that Obamacare will be reinforced and improved and Medicare for all is never happening.

Perhaps paradoxically the party that would derive the greatest benefit from Medicare for All is the one that is utterly opposed to it.

[I think these kind of conundrums are amusing. Another are all the tariffs/threats of tariffs from Republicans, which harm their constituency far more than Democratic constituencies. And part of the stated purpose of the tariffs is to get additional protections for IP. As one might imagine most of the IP that's being stolen ain't coming from Kansas, so again you have a situation that benefits those coastal elites while harming people like farmers.]