Discussion #9 - Price controls do away with incentives for research and development of life-saving drugs.

Discussion #9 -The Inflation Reduction Act is Already Killing Potential Cures By Joe GroganLinks to an external site.

Links to an external site.November 4, 2022 The Inflation Reduction Act Is Already Killing Potential Cures - WSJ.pdf Download The Inflation Reduction Act Is Already Killing Potential Cures - WSJ.pdf LinkLinks to an external site.

Provide your opinionon how drug shortages and price controls affect the economy. Use historical examples to support your opinion. Consider these questions when writing your opinion.

Do you support government price controls? Why or why not? Do you think government price controls affect a drug company's balance sheet, contribution margin, profitability and liquidity? What are the economic effects of government determined pricing rather than a market determined price? Is there an effect on supply, demand or manufacturing capacity of affected drugs (manufactured goods)? What "unforeseen" consequences do you anticipate? Historically have price controls achieved their desired outcomes? What would you suggest to help the current situation?

Read the above article and discuss in your post and replies.

Additional article links:

The Deadly Side Effects of Drug Price Controls - WSJ.pdf Download The Deadly Side Effects of Drug Price Controls - WSJ.pdf LinkLinks to an external site.

Shortages of Simple Drugs Thwart Treatments - WSJ.pdfDownload Shortages of Simple Drugs Thwart Treatments - WSJ.pdf Obama Orders Drug Shortages-1.docx Download Obama Orders Drug Shortages-1.docxSolving the Growing Drug Shortages.docx Download Solving the Growing Drug Shortages.docxAre drug price controls good for your health?.pdf Download Are drug price controls good for your health?.pdfNot Enough Cancer Drugs, Too Many Price Controls - WSJ.com.pdfDownload Not Enough Cancer Drugs, Too Many Price Controls - WSJ.com.pdf How Margaret Hamburg's FDA Causes Cancer Drug Shortages - Forbes.pdfDownload How Margaret Hamburg's FDA Causes Cancer Drug Shortages - Forbes.pdf Problems of price controls.pdfDownload Problems of price controls.pdf Facing facts on the drug shortage-1.pdf Ebola Drug Race Ramps Up in Earnest.pdf Drugmakers Scramble to Find Zika Vaccine - WSJ.pdf For Prescription Drug Makers, Price Increases Drive Revenue - WSJ.pdf

Opinion articles on the topic from the October 29, 2018 WSJ: Earl Bakken, Pacemaker - WSJ.pdf Follow the FDA's Self-Interest - WSJ.pdf Why Are Drugs Cheaper in Europe? - WSJ.pdf

Opinion articles on the topic from November 2019 WSJ: Sometimes Drug Prices Are Too Low - WSJ.pdf America's Miracle Medicines - WSJ.pdf

For each discussion board topic I will list several questions to guide and start the discussion. However, you don't need to answer every question in your post. I'm trying to broaden the discussion with ideas. Pick and choose what you want to answer or comment on. Please expand past my questions. I encourage you to expand past my questions as the discussion progresses. Just stick to the topic at hand.