Morning Newsdome: They go at it alone on health care
August 19, 2009 at 11:48 am by Alejandro A. Leal in News- Should have done this from the get-go: Democrats seem to go at it alone on health-care.
- Meanwhile, reason #445,605,005 the cost of health-care insurance is so high: Merck’s patent is upheld, warding off challenge to mass produce a cheaper alternative to its Singluair asthma drug.
- Quagmire indeed: Series of attacks kill at least 95 in Baghdad… meanwhile, violence continues to escalate in Afghanistan in anticipation of tomorrow’s elections.
- Get them to pay taxes part 2: Swiss bank UBS may pass data on 4,450 accounts belonging to U.S. clients.
- In case you had any doubts who runs this: Global stocks fall pushing China into a bear market.
- Really? One of the biggest political mysteries of the year?
August 19th, 2009 at 12:22 pm
Reason #1 that the US has the most innovative drug companies in the world – profit and patent protection. Patents permit the recovery of the hundreds of millions of dollars (billions even?) that it costs to develop innovative drugs like Singulair.
The profit provides the incentive and the operating capital to develop the next wonder drug.