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Bill: Abolition of Price Controls Act
Details
Submitted by[?]: Grand National Party
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: July 4187
Description[?]:
| Mr Speaker, price controls have a detrimental effect on the development of pharmaceutical drugs as they often hinder the dissemination of new products by keeping prices below market value, potentially leading companies to postpone their introduction into the market until they can lower production costs. We therefore propose to abolish these limitations while still retaining public funding for research and development in order to accelerate health care solutions. Geon Hyeong MLC Minister of Science and Technology |
Proposals
Article 1
Proposal[?] to change The research and development of pharmaceutical drugs.
Old value:: The government does not subsidize research and development of prescription drugs but regulates their prices.
Current: The government subsidizes research and development of prescription drugs and regulates their prices.
Proposed: The government subsidizes research and development of prescription drugs but does not regulate their prices.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||||
| yes |
Total Seats: 184 | ||||||
| no | Total Seats: 36 | ||||||
| abstain | Total Seats: 22 |
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