Drugs are expensive. A vial of insulin can be up to $250 and a pack of pens can be up to $500. Every month, many families decide between life and food. For a country as rich as ours this is a disgrace and a moral crime. The culprit is the pharmaceutical monopoly. With a drug patent, a pharmaceutical company can block other companies from selling a much cheaper generic version. Preventing competition, these patents lead to medicines like the heart disease drug Lipitor costing over $270 for a packet of 100 tablets back when it was patented. The best way to lower these prices is to abolish...
A Prize System as a Solution to Drug Patents
