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Monopolies In Healthcare

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Healthcare is a monopolized industry. In many ways, some people dislike this because the healthcare and pharmaceuticals continue to increase. However, the pharmaceutical monopolies can be favorable to the consumer. There are always pros and cons to everything but sometimes one must dig a little deeper to find the pros. According to the article, “Advantages of Monopoly”, the power of monopoly allows for more medical drug developments. Drug research has a high research failure but with monopoly profits, medical research is able to be funded (2016, para. 2). But to fund this research it also is a high price for the consumers to pay. The healthy people that don’t rely on medical drugs may see this as a con while the people who need medical

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