Source: CounterPunch
by Dean Baker
“[T]he big story that fans of free markets everywhere should be focused on is the money we pay for things like drugs and medical equipment. This year we’ll spend close to $750 billion on drugs and other pharmaceutical products. We’ll spend over $50 billion on various therapeutic devices used at home. Hospitals and other providers will spend over $130 billion on medical equipment. … Insofar as drugs or scans are expensive, it is almost certainly due to patent monopolies or related protections.” (06/04/26)