The Rights to Sell and Try
Pharmaceutical and Biotech companies have the Right to Sell any product they invent. And, those who pay their privately, and freely, negotiated price have the Right to Try the products they buy.
As things stand now, government coerces price extortions, and demands years and years of testing before they will permit a medical customer to "Buy and Try" a medical product.
Having read about 25 books on medical history, politics, economics, and philosophy--as well as being an active Capitalist Medicine blogger for many years, I consider myself very knowledgeable on the subject.
Imagine that you have just developed an incurable disease. In the legal economic landscape, there are no marketed cures. You scour the Internet for information on the condition and only come across two leads. The first is a drug that slowed the progress of the illness by an average of 5 years, but caused a fatality in 1% of patients who took it. Due to the statistically, mortal effect, the government denied approval last year, and the Big Pharma company that had invented it abandoned its marketing plan.
So, there is a chemical substance in existence that a Big Business benevolently had complete intentions of putting on the private sector market, which may well expand nearly all customers' lifespans by close to 10%, but because 1% of voluntary customers may die, you are sentenced to certainly die.
Sound illogical? If one is destined to certainly die soon, why not try a good gamble that could let one hang on there quite a bit longer?
The same argument applies to your other medical information lead. This is a brand-new molecule that has just been discovered. It has only been tested once, (and, in mice), but the results were amazing!
So, why don't you buy that? The problem is that Government Health Care is demanding that the Biotech company that owns the molecule, for those medical purposes, be required to do 15 years of testing before it will be politically allowed to sell you that medicine that could likely save your life.
Government Health Care in the United States is so divisive. Many of the problems have their root in a system of "medicine at no cost to a customer". The following are some results of this politico-economic philosophy being applied:
(1) If one gets too sick or old, health care will be forced upon you.
(2) Health care is often at no economic cost to the victim.
(3) Because Government will be forcing health care upon individuals, the Government will feel guilty if medicines it "approves" harms or kills anyone--so it bans those medicines from everyone.
(4) Since better medicine costs more money, Government will strive to force the lowest quality medicines upon individuals.
(5) Since the lowest quality and/or costing medicine has the most and worst side effects, this must be forced upon individuals with or without their consent.
In the fight for Freedom and Justice in this area of the economy, the choice is between:
Capitalist Medicine or Government Health Care
One can't have both.
Paul Wharton
Objectivist Capitalist Medicine Promoter