Supposedly out of fear for the future health and well-being of Americans, Megan McArdle has tirelessly worked to oppose any reform of health insurance. She has declared that it will set the US on a slippery slope towards national health, which she says would destroy drug company innovation. She states without giving any proof that 80% of drug company profits come from the US and that the drug companies won't be able to come up with new drugs or medical innovations if the government takes over health insurance. As she has done so many times before, with Iraq and elections and public policy, she depended on her own beliefs and prejudices to provide the basis for her thought processes instead of facts and reason. Consequently she didn't think to ask any of the right questions, including one very important one--what do the drug companies think?
If she had, she might have found this letter, published in the Delaware Voice and written by the president of AstraZeneca US, or this article written by Billy Tauzin, president and CEO of PHaRMA . Both are on the home page of PHaRMA's website. They are very clearly in favor of national health insurance, which presumably would increase the number of people who could buy medications. They also seem concerned by the diminishing returns and soaring cost of research. Tauzin mentions the area of biosimilars, a promising but incredibly expensive field of research that uses living matter to find cures for diseases. (I assume he is talking about such things as stem cell therapy, which developed from research done by Canadians.)
If the drug companies are not afraid of losing all their profits and are for health insurance reform, why isn't McArdle? She has no more excuses to offer.
(Note--One of McArdle's commenters pointed out PHaRMA's viewpoint earlier. McArdle has not responded to him at this time.)