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The Government Granted Monopoly of Prescription Drugs

Friday, February 8, 2013 13:54
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The Government Granted Monopoly of Prescription Drugs

Posted by Charleston Voice
 

pills

Have you ever wondered why a particular drug company has a specific cure for a disease and is the only company allowed to manufacture the drug? This is done by what is commonly known as government grant monopolies and it’s prevalent in the prescription drug industry.

What’s known as “trade protection” has been argued to be responsible for raising consumer prices by as much as 15 – 20%. Patent monopolies can also have the same effect on the drug industry. (1) Read more>>

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