It is often said that figures don’t lie but liars can figure. I was reminded of that while reading the editorial “Transparency a good place to start to reduce prescription drug costs” in Saturday’s Sun. I wonder why the greedy drug companies are so less greedy in Canada. The real problem is the system of “insurance” left over from the price and wage control of World War II. You don’t have fire insurance on your house because you expect it to burn down. You have it because the rare but huge loss would more than you can handle. Consider for a minute what would happen to the price of food if everyone had “food insurance.” You could go into any store and pick up whatever you need and the insurance company would pay.
The editorial mentions efforts in Congress and the Maine legislature to lower prices. That looks like laws to fix laws to fix laws to fix laws.