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Comment by nisa | Hacker News Reader

I doubt that will happen and think it's naive. If the corporation can still take the higher price (because of patents) it will take the price and make more profit.

Coincidently patents and intellectual property are also a big discussion point that is discussed there. Intellectual property rights will be tightened and likely generic medication will be more difficult to produce.

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It means more drugs can be profitably be taken to market. This increases competition and lowers prices when multiple drugs can treat the same condition.

How does that increases competition? And you turn around the idea at at the end: you say it would be more profitable to make certain drugs, and then you say it would lower the prices , which will make (obviously) less profitable to make/sell those same drugs. So which one is it?

> How does that increases competition?

See the comment I already made: more drugs can be brought to the market because the cost is lower.

> you say it would be more profitable to make certain drugs, and then you say it would lower the prices , which will make (obviously) less profitable to make/sell those same drugs. So which one is it?

Lower production costs increases profits and price competition lowers profits (passing savings onto the consumer).

You're right if that's the only variable. Corporations love to be the only player, and tweak government to make sure they are. Normally without interference, they rarely have a monopoly for long.

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