What stops a large company from buying up anybody that tries to create a competing product or pay them off to not release it? It takes a lot of money to get a medical device or pharmaceutical to market and no company is going to blow all that money without some hope of a profitable return.
I'm assuming you're against safety trials and FDA approvals being necessary for medical products? If they still need those, the design would be public way before the product ever reached the market, so competitors could be ready to ship product the same day they're approved. If you're not for safety protocols for medical products, well, you're insane.
Sure, let's do it. If you don't like it, don't buy a product, until you can see that it went though a voluntary medical trial.
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The system we have now is government-mandated corporatism. The ACA merely forced people to pay into that corporatist model. I oppose it all.
Nothing, but people like machismo like to conveniently forget about standard oil and a myriad of other huge corporations that abused workers due to a lack of regulation. Companies that formed huge trusts and muscled and cheated out all competitors. Any post-1877 history book would explain the issues well enough, I suggest Foner's Give Me Liberty II.
Free-dumb more like it. You still don't grasp that one's person freedom very often comes at the expense of someone else's.
Healthcare is not a commodity. A person who requires healthcare is very often making a choice between death or permanent injury versus money. That's not a real choice.
So what would happen in your ideal world in this case, which is something that just happened the past few weeks: A company has an extremely promising drug for Alzheimer's, which would be the first drug that would have been proven to be effective. It was suggested that this would have had a huge market, several billions of dollars a year. After years of tests and some initial encouraging results, the trial was stopped during its stage 3 trials because it was determined it was no more effective than a placebo. It was such a blow, the company lost $16 billion in stock value in a day.
If I'm understanding you right, you would have allowed them to release it 5 years ago to the public without testing. Given that Alzhemier's is so debilitating and guaranteed death, many people would have tried it just to have some hope. The company gets to make billions of dollars off of something that did nothing to help, but it's only realized after many people have died and had their money taken. That's what you want to see?
Absolutely, yes.
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Great talking point...
People should be free to spend their own money how they want to. That's not taking away anyone else's freedom.
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Sure, they can release it, and people who are not informed consumers would buy into the placebo... just like people buy into herbal supplements and diet pills.