Interesting comments by Robert Reich in a speech at University of California Berkley in 2007: Also, I'm going to use the bargaining leverage of the federal government, in terms of Medicare, Medicaid -- we already have a lot of bargaining leverage -- to force drug companies, and insurance companies and medical suppliers to reduce their costs, but that means less innovation, and that means less new products and less new drugs on the market, which means you are probably not going to live that much longer than your parents. -- Robert Reich Note especially Reich's reverence to "bargaining leverage" and his statement that "You're not going to live that much longer than your parents." Thanks to blog reader "Bren" for calling my attention to the video of Reish's speech which she located at the following site:
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