Why do the liberal Democrats continually attack the pharmaceutical companies (i.e. big drug companies)? Like I mentioned in a previous post about oil companies -- there’s always going to be bad seeds in any industry. But, look at all the good that comes out of their line of work. They have saved or extended countless lives. They’ve improved the quality of life for countless more. They continue to look for ways to better people’s lives. But because they also make money doing it, they are frowned upon by the liberal Democrats.
One of the Democrats goals for next year’s session of Congress is to allow the federal government to negotiate directly with the pharmaceutical companies for lower drug prices for Medicare patients. This is clearly a way to begin the road back towards federalized medicine, something Bill and Hillary Clinton already tried back in the early 1990’s.
The way I see it, if you remove the incentive of making money from the pharmaceutical industry, you will see less research, which will lead to fewer discoveries and fewer new medicines.