Boomers eating their young

Ross is correct to demand means testing - but the reason that drugs are available for cheap in Canada is because patients in the United States paid for them (and the research that developed them) at much higher prices. Canada is getting a free ride. Ross' solution only spreads out the cost - but does not effect the calculations that drug companies will make on which drugs to develop. (A shorter patent period would mean more expensive drugs for a shorter time.) 

But the problem that he brings up: the older generation passing every law needed for a comfortable retirement - which can only screw our generation - is broader than merely prescription drug plans. It applies to Medicare, Social Security, and all the entitlement plans whose costs will spiral out of control once all the greedy self righteous boomers start retiring in large numbers. 

Who among us, under the age of forty, thinks that there will be any social security waiting for us? The Supreme Court has ruled that the government is not obligated to provide us with SS benefits. They can change the rules at any time. But will they change them before the system goes totally belly up? Probably not. 
 

Posted by Buckethead Buckethead on   |   § 0

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