Biotech Values

[Jonathan Robinson]

I still cannot understand the fascination with drugs. At 10%-15% of the cost of the system, a 30% savings only saves 1/3 of one year's growth in health spending. I thought this quote interesting from your post, Dew.

But they could not immediately say how they would guarantee that result. In the absence of detailed instructions from Congress, lower drug prices could mean lower costs and higher profits for the insurers that operate Medicare drug plans.

Meddling without a concrete plan always has undesired effects - heck even having a concrete plan leads to undesired effects.

Jon