Bernie Sanders Quotes
Let's ask why it is that we pay, by far, the highest prices in the world for prescription drugs, and your medicine can be doubled tomorrow, and there's nothing that the government can do to stop it.
Sanders, Bernie. Democratic Presidential Town Hall, Des Moines, IA. CNN, 25 Jan. 2016.
In order to obtain the support for Obamacare from the Pharmaceutical industry, Obama, agreed to take this power away from the government.
The “inflated prices” refers to the fact Americans pay more for pharmaceuticals than any other country in the world as the American government allows the companies to charge any amounts while other governments either negotiate or mandate much lower prices.
This would seem a much easier solution to the problem of monopoly holders charging outrageous prices than trying to fix profits or lay a large tax on the profits. However, few governments ever do this. In many cases the patent holders control or heavily influence the government. There is in addition, in most Judeo-Christian societies an assumption that most people have a moral sense and will not take undue advantage of customers just because they have the power to do so. And in the most egregious cases of monopoly pricing there were many other patents where the inventors were not gouging the consumers. It is always been the minority of businesses that have taken gross advantage of patent monopolies. However at some periods, where there was an oligarchy, all the companies in an area abused their patent monopolies together. An example would be the pharmaceutical industry of the early 21st century.
Bernard Sanders is an American politician who has served as the junior United States senator from Vermont since 2007 and as U.S. Representative for the state's at-large congressional district from 1991 to 2007. He is the longest-serving independent in U.S. congressional history, although he has a close relationship with the Democratic Party, having caucused with House and Senate Democrats for most of his congressional career. Sanders unsuccessfully sought the Democratic Party nomination for president of the United States in 2016 and 2020, finishing in second place in both campaigns. Before his election to Congress, he was mayor of Burlington, Vermont.