Archive link. https://archive.is/N4Rqj
Some personal editorializing: This is a pretty remarkable first because of how captive we Americans are to pharma prices. Famously, when Medicare Part D was brought into existence by law it restricted the federal government from negotiating Part D drug prices. To me, shopping for drugs in Canada is tackling the symptom and ignores the cause. I wonder if this gets more traction with more states how it might affect drug prices in Canada, too.
The real solution to all this, of course, would be nationalize the healthcare industry in all aspects and to create a single payer healthcare system.
Yes, you’re right. I was a bit loose with the terminology.
I think we should absolutely count stock options and whatnot as earned income, so CEOs and whatnot pay taxes upon receipt as the delta between purchase price and NAV. But that’s a separate discussion.