Long Beach, California, United States

Sunday, November 15, 2009

We Can Thank Hillary for the Vaccine Shortage

It should come as no surprise that government meddling into the Health Care industry is at the root of the United States' inability to create enough vaccine to meet demand, but did you know that while the Obama administration takes cover pointing to manufacturing companies for an inability to produce more, and more quickly (somehow), the actual explanation begins with the fact we now have only 6 companies licensed to manufacture these vaccines. The full explanation reveals that once upon a time we had 25 such companies, and today there are only 6, with some vaccines having only a single producer.


The reduction is directly related to government bureaucracy and Hillary Clinton's inept "Vaccines for Children" program. This 1993 legislation is the real culprit here, as pointed out back out in an article in 2003 by the Wall Street Journal. Because most liberals don't understand even the most basic economic facts, they were unable to predict the devastating effects that having manufactures sell over 50% of the vaccine supply to the government, at a 50% discount, would necessarily cause in reduction in the companies that could remain in business, profitably. This is just a variant of the classic economic fallacy that wage and price controls lead to higher overall wages or lower prices. The economic facts show the exact opposite to be true.


This is yet another blatant, irrefutable example (in a very long list) of what the government achieves when it sticks its nose into healthcare - or into any field of production for that manner.


The following is a very colorful blog on the same topic


http://texan2driver.wordpress.com/2009/11/01/who-caused-the-vaccine-shortage/

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