Friday, March 30, 2012

Drug Shortages: Thank You FDA, Thank You Obama

We currently have a long list of drugs that in short supply in this country, a relatively new phenomenon. The reason for the shortage? Companies are no longer manufacturing the drugs? Why would a pharmaceutical stop making a drug that is in short supply in a market economy? There is only one possible reason for this. Drugs are no longer in a market economy, they are in a Socialist economy and the companies are losing money on the drugs to government price controls and bureaucracy. Milton Friedman once said that it is much less risky for the FDA to disapprove a drug than to approve one. But he didn't see this one, where the FDA and the Obama administration has caused a drug shortage.

What is Causing Drug Shortages?

FDA Drug Shortages

Current Shortages

Drug Shortages

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