May 15, 2019

CAPITALISTS INVADE THE DRUG STORE: Disrupting the Pharmacy. While Democrats (and sometimes President Trump) threaten to impose price controls on prescription drugs, the entrepreneurs at Blink Health have a better idea: let customers shop for the best price. My piece in City Journal describes their challenge to the  the middlemen who are suppressing competition and reaping oligopoly profits at the expense of patients, drug manufacturers and local drugstores. This oligopoly, called Big Pharmacy, has far more market power than Big Pharma. Democrats argue that government control is necessary because the free-market system has failed patients. But the real problem with prescription drugs, as with the rest of the health-care system, is that the free market hasn’t been tried.

 

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