Life saving medicine should be subject to price controls. Drug companies are given a monopoly for a limited time when it is issued a patent. However, companies try to maximize their profit by raising the price, sometimes astronomically. In order to combat that, these drug companies should be treated like a utility, which has rate restrictions imposed.
Yes, life saving medicine should be subjected to price controls so that everyone who needs the medicine can get it. Without price controls, patients may be unable to afford to live. We all have the right to live, and one way for the government to enforce that would be too install price controls.
Essential medicines should absolutely have price controls imposed upon them. These are people's lives we are talking about, not some pimple or benign wart. I can't believe that pharmaceutical companies, who make millions, still need to squeeze every penny out of a dying person's hands. There are enough designer medicines on the marker for designer diseases, those medicines should be the profit-makers, not the life-saving ones.
This is seriously dangerous and potentially fatal; it is not a viable alternative. As others have stated, this article should be removed or corrected. Lobbying of some kind needs to be done to create laws that prevent pharmaceutical companies from reducing access to lifesaving medications. Generics exist, don't sacrifice a life for money.