Should the government regulate the prices of life-saving drugs?
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.
@98PXPCQ1yr1Y
The drug of Australia sauce pan and saving treatment inc
@933W82X2yrs2Y
I’m unsure on this question
@8MDQD4JLiberal Democrat3yrs3Y
No, but the government should provide a capped amount for each drug to prevent Pharmaceutical companies from massively inflating drug prices.
@8HTJ7D23yrs3Y
No, the government should subsidise
@8DHFL2N3yrs3Y
Yes, but through subsidies rather than straight up regulation.
@92LTWLD2yrs2Y
This question confuses me.
@92DKHTJLiberal Democrat2yrs2Y
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.
@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
No, this would lead to people using fake reasons to buy drugs and then sell or deal it in a black market.
@8SW4NZCOne Nation3yrs3Y
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.
@8RJNF2Q3yrs3Y
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.
@8QWKK2J3yrs3Y
Yes, but if the company wants to charge more make sure money is going towards research etc.
@8QTK9ZK3yrs3Y
the state governments should
@8PD787J3yrs3Y
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
@8D2H6GM4yrs4Y
Free healthcare like Canada
@92SLTD62yrs2Y
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
@92M9D5X2yrs2Y
Yes, if it is regulated it may make it easier to access these life-saving drugs.
@993JBF81yr1Y
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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