Posted inEconomy, Politics, The Monopolized Economy

Why Medicare Fixes Will Lead to More Hospital Mergers

Improving the U.S. health-care system requires encouraging low-value doctors and hospitals to practice as well as high-value ones do. The gap between the two is wide, but that only shows how much room we have for improvement. Costs vary wildly across regions, among hospitals within a region, and even among doctors within a given hospital. […]

Posted inEconomy, Magazine, The Monopolized Economy

The Monopoly Factory

In 1993, Purdue Pharmaceuticals of Stamford, Conn. applied for the first in a series of patents on a drug it called Oxycontin— a painkiller to which Rush Limbaugh would later become addicted. The U.S. Patent and Trademark Office (PTO) granted those patents based on the manufacturer’s contention that the drug contained a novel innovation: It had been engineered so […]

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