Eliminated in order to lower costs of health care

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Reference no: EM132241717

Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell drugs for a number of years without direct competition. This can result in extremely high prices for important (possibly live-saving) drugs.

Should this protection be reduced or eliminated in order to lower costs of health care? What would be the result? Explain your position in detail.

Reference no: EM132241717

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