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Rath said:
Me and a mate were discussing before what a publicly run pharmaceutical would be like.

Problem with the pharmaceutical industry is that when they come up with a nifty new product (which by law only they can make) people need it - really really need it. Therefore they can charge whatever the hell they like for it.

A public non-profit pharmaceutical company would be able to focus on diseases which are more harmful but less profitable and turn out drugs at cheaper prices.

It seems like it could really lower the huge healthcare costs in America.

One already exists.

 

http://www.msnbc.msn.com/id/17540025/

http://www.oneworldhealth.org/