Just as a note on pharmaceuticals ...
Coporate "Greed" is not the only (or even the largest) factor which is driving the costs of drugs higher. Every year:
- The cost of the Research and Development that is required to develop a new drug, test it to meet the safety standards of dozens of countries, and bring it to market gets higher;
- The companies have to focus on smaller and smaller markets which have lower sales potential because many of the most common problems have adequate and affordable solutions;
- Class action lawsuits from people who took the drug in full knowlege of the side effects and were unfortunate enough to experience the side effects become more common and have larger payouts
- Generic drugs create competition from companies who didn't pay for the R&D.
If you're a company and you spent $5 Billion developing and testing a drug that is used in the treatment of 10% of cancer patients, you expect to face $5 Billion in lawsuits or face competiton from generic drugs within 10 years of the release of the drug, how much do you have to charge in order to break-even/turn a profit? If you assume that you can treat 1 Million people in those 10 years the average cost of your drug is $5,000 to $10,000 per patient ...
When you factor in that many illnesses have dozens of drugs which are similar to this scenerio, is it really that much of a surprise that people can spend tens/hundreds of thousands of dollars on drugs?