COMM 2273 Lecture Notes - Lecture 11: Dean Baker, Mike Masnick, American Medical Association
10 Feb 2020
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A patent monopoly allows drug companies to sell drugs at prices that are far above their free market price. Aff: patent protection prevents access to cheap drugs, drives up the prices and reduces innovation. Dean baker co-director of the center for economic and policy research. May 2015 patent monopolies provide an incentive for drug companies to develop copycat drugs rather than seek out drugs for conditions for which no treatment exists. They also encourage secrecy, which impedes the progress of research. And the high drug prices that result from the monopolies create enormous complications for whoever gets stuck with bill, whether it is the patient, an insurance company, or the government. Aff: patent protection focuses the short term profit over the long term health of consumers mike masnick ceo and founder of techdirt january.
