Why Is The US Government Letting Big Pharma Charge Insane Prices On Patents The US Owns? Techdirt
As we’ve discussed plenty of times in the past, when the federal government creates something that could be covered by copyright law, US copyright law requires it to be put into the public domain for the benefit of the public. I’ve never quite understood why the same is not true for patents. Instead, the US government does big business licensing off patents. While some may argue that this is a good revenue generation scheme for the US government (which theoretically should lower taxes elsewhere), it has significant downstream effects. And that’s especially true in the healthcare market. As …