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Find the flaw

Via ProfessorBainbridge.com, here's a creative proposal for financing a prescription drug benefit by extending patent terms for Big Pharma:

While this may not produce a perfect system, I believe that the long term benefits would outweigh any negative factors. Yet there are smarter people than me paid large sums of money to think up such policies. So I presume that my argument has a fatal flaw. Can anyone point out what it might be?

Where's the flaw?


Not sure, but harmonization might be an issue. The US can make laws about patents, but if the rest of the world doesn't respect it, they might not amass the huge profits they expect.

Also I'm not sure how I feel about giving people another reason to pull a Disney with their products.

But what do I know? I'm just a small ruthless chicken.