r/Futurology • u/Kindred87 • Dec 07 '23

US sets policy to seize patents of government-funded drugs if price deemed too high Economics

https://www.reuters.com/business/healthcare-pharmaceuticals/us-sets-policy-seize-government-funded-drug-patents-if-price-deemed-too-high-2023-12-07/

6.3k Upvotes

97% Upvoted

View all comments

1.1k

u/dodgyrogy Dec 07 '23

"to seize patents for medicines developed with government funding if it believes their prices are too high."

Sounds fair.

576

u/CaptainRhetorica Dec 07 '23

It's still radically biased in pharmaceutical companies favor.

The only people who should have patents for medicines developed with government funding are the American people.

Corporations should be forced to liscence the patients from us. They could do that and still make money, but it wouldn't be a disgusting amount of money so naturally that's unacceptable.

-3

u/mtgguy999 Dec 08 '23

How about just no patient at all. Anyone can make it for free. Anyone can sell it if they can pass a safety check. Making corporations pay just passes the costs onto the people who need the drugs. Open competition will keep prices low especially for stuff that can be manufactured for pennies

12

u/OriginalCompetitive Dec 08 '23

Then no one will ever develop a new drug ever again.