Opinion of my healthcare reform proposal

[OSR stands with Israel]

1. Open Up State Lines

2. Have the government cover catastrophic coverage(for free to anyone making under 50k , and for anyone with insurance for people making above 50k)

3. Allow prescription drugs to be imported from Canada, which in turn will lower prescription drug prices domestically.

[🐒Gods of Prosperity🔱🐲💸]

1. Open Up State Lines

2. Have the government cover catastrophic coverage(for free to anyone making under 50k , and for anyone with insurance for people making above 50k)

3. Allow prescription drugs to be imported from Canada, which in turn will lower prescription drug prices domestically.

1. What does this mean?  Can't insurance companies can generally sell in as many states as they want to, as long as they comply with state law and it is profitable for them?

2. You run the risk of making it that much harder for those with chronic conditions to afford their medications, since they won't have the people who rely on insurance only rarely subsidizing them through the insurance market.

3. That's a big gamble in terms of how drug companies would respond to losses from Canadian resale of their product to the US market.

[Person Man]

1. Open Up State Lines

2. Have the government cover catastrophic coverage(for free to anyone making under 50k , and for anyone with insurance for people making above 50k)

3. Allow prescription drugs to be imported from Canada, which in turn will lower prescription drug prices domestically.

1. What does this mean?  Can't insurance companies can generally sell in as many states as they want to, as long as they comply with state law and it is profitable for them?

2. You run the risk of making it that much harder for those with chronic conditions to afford their medications, since they won't have the people who rely on insurance only rarely subsidizing them through the insurance market.

3. That's a big gamble in terms of how drug companies would respond to losses from Canadian resale of their product to the US market.

the main objective is to end monopoly pricing and to maintain as much as competiveness as possible. I am worried that more R&D burdens will fall on the Government as Pharma companies stop getting the monopolistic revenues they get now but how do they spend that money now?

[Lechasseur]

I approve

[🐒Gods of Prosperity🔱🐲💸]

1. Open Up State Lines

2. Have the government cover catastrophic coverage(for free to anyone making under 50k , and for anyone with insurance for people making above 50k)

3. Allow prescription drugs to be imported from Canada, which in turn will lower prescription drug prices domestically.

1. What does this mean?  Can't insurance companies can generally sell in as many states as they want to, as long as they comply with state law and it is profitable for them?

2. You run the risk of making it that much harder for those with chronic conditions to afford their medications, since they won't have the people who rely on insurance only rarely subsidizing them through the insurance market.

3. That's a big gamble in terms of how drug companies would respond to losses from Canadian resale of their product to the US market.

the main objective is to end monopoly pricing and to maintain as much as competiveness as possible. I am worried that more R&D burdens will fall on the Government as Pharma companies stop getting the monopolistic revenues they get now but how do they spend that money now?

That may be the objective but you still have a monopoly on name brand medicines even if they go through another country to get here. It isn't true competition, it's just some subset of the American population relying on Canadian price regulation.

[parochial boy]

1. Open Up State Lines

2. Have the government cover catastrophic coverage(for free to anyone making under 50k , and for anyone with insurance for people making above 50k)

3. Allow prescription drugs to be imported from Canada, which in turn will lower prescription drug prices domestically.

1. What does this mean?  Can't insurance companies can generally sell in as many states as they want to, as long as they comply with state law and it is profitable for them?

2. You run the risk of making it that much harder for those with chronic conditions to afford their medications, since they won't have the people who rely on insurance only rarely subsidizing them through the insurance market.

3. That's a big gamble in terms of how drug companies would respond to losses from Canadian resale of their product to the US market.

the main objective is to end monopoly pricing and to maintain as much as competiveness as possible. I am worried that more R&D burdens will fall on the Government as Pharma companies stop getting the monopolistic revenues they get now but how do they spend that money now?

That may be the objective but you still have a monopoly on name brand medicines even if they go through another country to get here. It isn't true competition, it's just some subset of the American population relying on Canadian price regulation.

In addition, the most likely way that Pharma companies would react would be to simply increase pricing in Canada - most medical companies already set EU wide "minimum prices" precisely with the intention of preventing products from being sod cheaply in one country and then exported to another.