You don’t say:
ByThe FT has an article this morning about how Argentina’s energy sector is reeling after price controls were placed on fuel by the government.
In the article former energy secretary, Daniel Montamat, states that:
“low prices had led to low investment across the sector, which had held back oil production and refining capacity, resulting in insufficient diesel to meet demand.”
As Democrats start their reign, Argentina’s attempt at price controls and its disastrous affect should be a warning to Americans about Democrats goal of setting price controls on drugs. If price controls are put in place, investments in new drugs and the supply of current ones will decline making the flu vaccine shortage that took place a few years ago because of President Clintons price controls, look like a slap on the hand.
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6 Comments
January 3rd, 2007 at 9:05 pm
Drug price controls would be a disaster for the U.S.A. Everyone I know in Europe are forced to sell kidneys and limbs because all their economies are falling apart. In Japan my friend had to pay an extra $100 for her new Lexus and waits in line for Rice and Prada bags because its economy is so bad. These damn price controls on drugs.
I even hear Australia is bidding Steve Erwin memorabilia just to bail itself out and people are begging on the streets for Tylenol.
South Africa is even poorer now that they negotiate prices for drugs just because they need medicine to help people with HIV.
Drug price controls is unpopular in the US only 70 percent of Americans support it. It should be 95 percent before we listen to them. I am so happy George Bush is President because he will veto any price negotiations and help our parties’ reputation as the big business or bust Republican Party.
Argentina has always had a sterling economy. Unemployment was just 30% a few years back and price controls on gas is no doubt destroying that very stable economy.
Free markets will set us free and controls are destroying all the industrialized nations that have them. So what if the we have millions of people who can’t buy drugs, get a better job. Thise other countries think they are so fancy letting all their citizens have affordable drugs and universal healthcare.
January 3rd, 2007 at 9:15 pm
Joke all you want.
Truth is I have a client who owns outpatient hospitals in India where he makes a killing on Europeans who fly there to have procedures done because they don’t want to wait the months that it takes to have procedures like bypass surgery done back home under their nationalized health care system.
January 3rd, 2007 at 11:14 pm
There are more people in the United States flying to India for procedures (see 60 Minutes video archives) not because they have to wait, but because they can’t access and afford the procedures in the US and would die otherwise.
If you live in a country with socialised healthcare, and you need a procedure quickly based on your doctor’s diagnosis, you get it.
Many countries like Belgium let you choose plans and options, and anyone who is rich can get supplementals if they are Republican types that are too good for the nationalised system.
Price controls and universal healthcare will happen in The US because people want it. Losing battle in the long run.
January 4th, 2007 at 3:53 pm
US citizens are flying to Asia so they can get black market organs, and some HMOs are flying patients over there becaues it saves them money, but poor Americans are not flying there because they have no access to healthcare here.
Hospitals in the US are required to provide lifesaving care to anyone that needs it, regardless of their ability to pay. The surgeries in India are less expensive, but they are still prohibitively expensive to the working poor, so there is no reason why poor patients would fly to India when they have options here.
Britain has universal health care and prostrate cancer patients are having to sue to get radiation treatment. How does that count as universal access?
January 4th, 2007 at 8:08 pm
I never said poor people are flying to India for procedures. Thanks to Democrats, many of them have Medicaid and or Medicare, something Republicans — especially the last Congress — love to cut. Learn to read Jen.
It’s the working middle to lower middle class who are flying to India in droves. This is unacceptable.
While Britain may have some cases as you indicated that aren’t perfect — overblown by your Republican hysteria — the National Health System in the UK and Europe, as well as Japan, Canada and every other industrialized nation are very popular and any attempts to weaken it is a third rail.
The majority of bankruptcies in this country are filed by hard working people who’s family members come down with catastrophic illnesses and lose their health coverage. This is unacceptable.
Yesterday I dealt with a woman who has Lupus and her husband is a lawyer with his own firm but can’t get her coverage because she has this pre-existing condition. He is near bankruptcy with all the bills and because he is not poor is not elegible for any governmental buy in programs. They are considering divorcing so she can become impoverished and access Medicaid.
This situation happens to hundreds of thousands of Americans every year. I don’t expect self-absorbed Republicans to empathize. Talk about family values.
January 5th, 2007 at 5:25 am
Real life example.
http://forums.poz.com/index.php?
topic=7439.0
Well, i am freaked… we need to come up with 4000.00 US $ my meds are 2500 US$ a month.. the company that my husband works for , without notice, changed the insurance… and i suppose it is what it is.. i spent the day on the phone being turfted out .. I finally called UHC and got the sweetest man named Ricky that answered my questions.. I called the local ASO.. and I am not eligible for Ryan White because my husband makes over 30 grand a year… I just feel SICK!!! I knew the end would come.. but i gotta tell ya.. i didn’t want it to come from the system.. my husband says not to worry. we can get a loan for 4000.. I feel like such a burden… Manageable…. only if you have the money!!
thanks for listening…
lisbeth