implementing laws that encourage competitiveness will fix your problem, in particular being allowed to buy coverage from other states and lowering the cost of bringing new drugs to market
I think the average drug takes like 2 billion dollars to reach the consumer from conceptualization to mass production, if you lower that cost then they won't have to cover that amount of money being spent and drugs/healthcare will become cheaper as a result
I posted the diagram of a monopolist's demand curve, right?
The price of drugs set by a monopolist is whatever consumers are willing to pay at the profit-maximizing quantity. That's the intersection between the marginal cost of producing another pill/injection/etc and the marginal revenue they receive for each additional pill/injection/whatever they make. The long-run average total cost (stuff like that '2 billion dollars' figure you mentioned) doesn't actually affect the price they set. Meaning even if it cost $0 to get your drug approved, as long as the marginal cost/revenue and the consumer demand curve stays the same, the monopolist charges the exact same price because anything different loses them money.
In other words, this reasoning is false because microeconomics.
removing restrictions on healthcare plans can also help bring costs down and encourage competitiveness; people think that removing federal healthcare and leaving it to private business would mean that they'd cut corners everywhere they could, but after Obamacare and the provisions that came with it it'd be business Self Delete to deny people with pre-existing conditions and stuff like that
This would lower costs among the middle and upper-class, but if you're poor or have pre-existing conditions, you're still forgeted.
I have a pre-existing condition, by the definition of Obamacare. I couldn't care less if I lose coverage because I'm not a selfish starfish who wants everyone else to pay for my healthcare. I'll loving pay for it myself, thank you.
Somehow, I doubt you have the type that actually disqualifies you from health insurance because I believe your self-preservation instincts would take precedence over your desire to push the libertarian line on healthcare.
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