CHICAGO Imposing European-style value controls on pharmaceuticals in the United States would end in modest value savings that will be greater than offset by shortened life spans because the pace of drug innovation slows, U.S. researchers said on Tuesday.
So while value sharing is already in effect on insurance plans obtained by means of non-public insurers, the difference with a authorities sponsored program would be that your premiums is not going to be used to fund shareholder dividends or extremely extreme -astronomical- government salaries, benefits and different perks. Nor would your premiums be used to fund lobbying purposes or affect politicians. Experts predict a considerable price saving on these administrative prices of about 14%.
However, there are also quite a lot of people who face rising premiums which more and more eat up larger percentages of their income. For this group of individuals, the free market model is not working … Read more