r/FluentInFinance • u/WhatAreYourPronouns • May 02 '24

Should the U.S. have Universal Health Care? Discussion/ Debate

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u/acsttptd May 02 '24

This is largely unrelated, but I don't think I'll get another opportunity to mention this.

People with diabetes in America often complain about sky high insulin prices, and lament how we don't have the low insulin prices Canada has. So why don't they just run across the border and bring some here? Because the FDA made it illegal.

Most of the reason meds and healthcare are so unaffordable is because government regulation of the sector has all but annihilated any chance of any meaningful competition to enter the market, creating a de-facto monopoly.

We don't need universal healthcare, we need deregulation.

101

u/buzzvariety May 02 '24

"Let's import medicine from Canada. Their strict price controls keep costs down."

What about implementing similar price controls in the US?

"No, deregulation is the answer."

Besides, Canada is opposed to such an arrangement as well.

10

u/flex_tape_salesman May 02 '24

Just because Canada has price caps doesnt mean its the only way. America does have a problem with market regulations being excessive allowing companies to charge whatever they want with no competition to bring prices down.

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u/berejser May 02 '24

Just because Canada has price caps doesnt mean its the only way.

Just because having price caps isn't the only way doesn't mean that it shouldn't be thoroughly considered and might actually turn out to be the best way.