The largest percent of money for prescritption drugs goes not into production, but into research. Most drug research is fruitless, moneywasting adventures that don't produce products the industry is interested in providing for consumers. Second largest percentage is in advertising, expanding public awareness of their products so people will be more likely to order them.
My solution addresses both these issues, and a couple more.
How do we make prescription drugs much cheaper? By nationalising the research. Yes, have the government toss money into the air for drug research. Its very good at oft fruitless research. Second part? All chemical compostions are public domain. It never made sense to me to patent that sort of intelectual right. So, if everything is public domain, the main concern of drug producers would be to find the cheapest production costs because of the competition with all the other drug producers that would spring up overnight. Gov would be responsable for researching new drugs, testing new drugs, etc. Industry focuses on what it does best, actually manufacturing nessisary drugs as efficiently as possible.
I think it just might work!
Lurker
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