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Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell drugs for a number of years...

Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell drugs for a number of years without direct competition. This can result in extremely high prices for important (possibly live-saving) drugs.

Should this protection be reduced or eliminated in order to lower costs of health care? What would be the result?

Top Answer

They should not be eliminated but rather be reduced. The result is that it will bring more Pharmaceutical licence operators... View the full answer

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