Free Markets, Free People

Peter Schweizer


And then there’s the crony capitalism angle to the contraception mandate

Peter Schweizer points out:

Forget for a minute the religious question and look at who wins big here: Big Pharma. This mandate is not really about condoms or generic versions of “the pill,” which are available free or cheap in lots of places. This is about brand-name birth control drugs and other devices that some consumers swear off because they are too expensive. The Health and Human Services (HHS) mandate requires health-insurance companies provide contraceptive coverage for all “FDA approved contraceptive methods.” It does not insist on generics. And it does not offer any cost containment.

What’s more, the mandate prevents health-insurance companies from having copays or deductibles for the benefit. This is the perfect set up for Big Pharma. Since the drugs will be paid for by a third party (insurance companies, who will pass the cost on to employers and the rest of us), the consumer won’t worry about the price. Expensive brand names will no doubt see demand rise. Ask more health-care analysts why the cost of medical services continues to rise so rapidly and near the top of the list is the fact that a third-party payment system won’t contain costs.

Need Big Pharma on your side in healthcare mandate struggle?  Looking for a way to put private health insurance companies out of business (or have them abandon the market)?  This is a great way to help that along.  I imagine there are other things to mandate for “free” as well, if you can get this one to stick (and have Big Pharma on your side and not screaming about it, after all, you didn’t say they had to give their stuff away for “free”).

By the way, when you finally have your way with the insurance industry and see private insurance companies get out of the healthcare insurance business, you’ll no longer need Big Pharma, will you?

When you finally have a single payer system and that single payer is government, then you will decide what will be paid for drugs and medicines, won’t you?  After all, who are they going to sell their stuff too if not the single payer?  Innovation and new drugs?  Hey, they’re overhyped.  And anyway, people who live longer cost health care providers (uh, that would be government) money.

It’s like the red kangaroo Dale talks about.  You can see this convergence coming from a mile off, but seemingly we can’t (or won’t) do a thing about it.

~McQ

Twitter: @McQandO