The Pharmaceutical Benefits Scheme (PBS) consumes around 14 percent of total government health care expenditures and has grown substantially in both range of drugs covered, and expenditure since it was first introduced in 1950. Proponents of drug price regulation argue that drug makers raise prices to benefit the value of their stock and invest little of their profits in the development and research of new drugs. Opponents of regulation argue that consumers rely on drug companies to develop new drugs and limiting prices will prevent new lifesaving drugs from being developed.
@B22G8ZN2wks2W
Only if they make it cheaper. Otherwise, you’re better off just buying from some company than risk increasing prices.
@ISIDEWITH3mos3MO
How might regulating drug prices change people's trust in the healthcare system?
@9WV86T72mos2MO
If prices were more affordable, then we won’t see the drug industry as a business taking advantage of people, but as aid that supports people. More trust in the products, as they aren’t advertised simply to sell for business benefits, but selling because they are reliable safe and effective drugs to use.
@9SXQY5G4mos4MO
Slightly yes, I believe the government should have regulations that protect consumers. I however don’t agree that they should have full control as the prices set in the free market are important for research by firms.
Yes, but the government should provide subsidies to the research and development of life saving drugs
@8RJNF2Q4yrs4Y
No, instead they should offer subsidies and rebates or a loan system like Hechs/Fee-help where you only are expected to pay if your income reaches a suitable threshold.
No, this would lead to people using fake reasons to buy drugs and then sell or deal it in a black market.
@8SW4NZCOne Nation4yrs4Y
the government should invest more money into drug research, and yes regulate prices for life saving drugs, an expensive suggestion sure but ultimately better for everyone.
@8QWKK2J4yrs4Y
Yes, but if the company wants to charge more make sure money is going towards research etc.
@8QTK9ZK4yrs4Y
the state governments should
@8PD787J4yrs4Y
Yes, but primarily through ensuring that the profit margin isn't too large for these drugs and that any large profit is reasonable or is going towards further research
@8DHFL2N4yrs4Y
Yes, but through subsidies rather than straight up regulation.
@8D2H6GM4yrs4Y
Free healthcare like Canada
@98PXPCQ2yrs2Y
The drug of Australia sauce pan and saving treatment inc
@8MDQD4JLiberal Democrat4yrs4Y
No, but the government should provide a capped amount for each drug to prevent Pharmaceutical companies from massively inflating drug prices.
@8HTJ7D24yrs4Y
No, the government should subsidise
@933W82X3yrs3Y
I’m unsure on this question
@92LTWLD3yrs3Y
This question confuses me.
@92DKHTJLiberal Democrat3yrs3Y
No, but shorten the lifespan of drug patents. & No, and the government should never regulate prices of private businesses. & No, limiting drug prices would also limit the investment in research and development into new life-saving drugs.
Yes, but the government need to be better an expanding and adding new alternative medications to the PBS.
@92M9D5X3yrs3Y
Yes, if it is regulated it may make it easier to access these life-saving drugs.
@8VC6KG4Independent3yrs3Y
No, but require a portion of profits to be redirected to research and development of new life saving and general prescription drugs and ensure government funding for research and development
@92SLTD63yrs3Y
Yes as someone who takes prednisone and fludro every day to stay alive it’s unfair to have to pay so much for something saving my life I didn’t choose to have a an incurable disease
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@993JBF82yrs2Y
Regulate or subsidise? We should not be too eager to impose regulatory pricing nor should be too eager to allow absurd prices to be placed in those in need. We need to carefully negotiate and ensure a balance between the needy and the need to encourage and reward research.
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