One of the arguments frequently made by “reform” advocates in the years running up to the passage of ObamaCare was that the free market was too chaotic to properly allocate health care resources. Indeed, our new CMS administrator warned us not to put our faith in market forces.
These geniuses wanted the government to impose order on the system. Wanna see what happens when bureaucrats meddle with any part of the health care system? Read Paul Hsieh’s article at Pajamas Media about the kind of “order” the FDA has produced in the drug market:
America has a serious drug problem, but it’s not one most Americans have heard of. The problem is not illegal drugs, but rather a critical shortage of many life-saving legal drugs.
How did that happen? No small part of the problem is the FDA. Pharmaceutical companies can and would fill the gap, but the FDA has inposed so much red tape that it simply isn’t financially viable to do so:
FDA regulations impose an enormous financial burden on drug companies. In a detailed critique of the FDA, pharmaceutical industry writer Stella Daily Zawistowski observes that the FDA drug approval process currently costs companies approximately $800 million.
So, chemotherapy drugs, antibiotics, painkillers, anesthetics and a wide variety of other much-needed medications just aren’t available. And FDA’s bureaucratic inertia is getting worse:
The FDA drug approval process is so onerous that many experts believe that certain drugs currently in widespread use would never have been approved by today’s FDA — including penicillin, aspirin, and acetaminophen (Tylenol).
This, my friends, is all done in the name of protecting us. It is what Ronald Reagan was talking about when he said the nine scariest words in the English language are: “I’m from the government and I’m here to help.”