Bill Gates, Doing His Part to Increase the Price of Healthcare
He invested 10 billion in the development and delivery of new medicines and got back 30X more. Let's assume his "philanthropic" foundation got the 290 billion dollars. Great, you say, his foundation can put that money into Covid research and we can have a hundred labs developing the vaccine instead of the dozen or so we have now. Fat chance, no billionaire puts all his money into one basket. But that's not the issue I bring to your attention. By "making money" on any investment, you will increase the cost of goods and services and that increased cost WILL BE PASSED DOWN to the consumer. For example, I just saw what my shingles vaccine cost the government: $250. Influenza vaccines are just $50 but many more are administered year after year. Where is Congress or Mnuchin on this? Why haven't they seen the obvious way that the government can save money on healthcare by running their own Global-health groups? Finally, do we the people understand t...