Should the government regulate the prices of life-saving drugs?

Question

In September of 2016, US Presidential candidate Hillary Clinton released a proposal that would create an oversight panel that would protect U.S. consumers from large price hikes on long-available, lifesaving drugs. The proposal was in response to recent steep price increases on drugs including the AIDS drug Daraprim and the EpiPen. Proponents of drug price regulation argue that drug makers raise prices to benefit the value of their stock and invest little of their profits in the development and research of new drugs. Opponents of regulation argue that consumers rely on drug companies to develop new drugs and limiting prices will prevent new lifesaving drugs from being developed. Clinton's campaign cited Turing Pharmaceuticals LLC's raising the price of its AIDS drug Daraprim (pyrimethamine) and Mylan NV’s repeated steep price increases on EpiPen for severe allergy sufferers as “troubling” examples of price hikes that have attracted bipartisan congressional scrutiny. 
Examples of for or against: 
🏹 Yes, and we should socialize medicine and healthcare
🏹 Yes, and the government should regulate the price of all prescription drugs
🏹 No, limiting drug prices would also limit the investment in research and development into new life-saving drugs
🏹 No, and the government should never regulate prices of private businesses

Accepted Answer

In June, a 26 year old DIED because he couldn’t afford insulin after being dumped from his parent’s insurance plan. He was rationing the insulin he had left and set up a Go Fund Me to try to get more. He was $50 short on what he needed when he died. 
That’s ridiculous. Insulin is so cheap to make, but is marked up astronomically. I’m beyond disgusted that our country allows that and there are still people who thinks that we need to keep cutting disability and Medicaid.

Answer

Even though I'm generally against government involvement in privatized businesses, I do feel that at some point greed takes over fiscal responsibility and morality. It sucks that we have to ask the government to regulate businesses who just cant make the moral decision to sell their products at a fair & reasonable price. So I said, yes, there should be regulations regarding medical costs.

Answer

Yes! One of my exes had renal failure (a diseased he had since he was a baby) some of the medication was $500 a month with (at the time) killer Insurance. And that was just ONE of his medications. Luckily the company had a way of you contacted them to get you the medication free. 
If people need life saving medication it needs to be reasonable! Some of these things they need this medication for makes them unable to work-so where does the money come from?

Answer

No one should get rich off of the suffering of other people.
The astronomical markups on life saving drugs is the same as walking to a dying man, dangling the medicine that can save his life in front of him then just walking away with the medicine in your pocket because he can’t pay you $1000 for the pills that only cost you $3

Answer

Absolutely! It would be a minor step toward the US actually building a reasonably civilized record on basic human rights, too. Nobody deserves to die because they can’t pay through the nose for lifesaving drugs. What makes this even more annoying is that *because* the government doesn’t regulate drug prices, people over the Canadian border frequently pay 90% less than we do for the same pharmaceuticals. I resent handing my money over to profit-driven drugs companies.

Answer

I’m just going to say one thing: but her emails...

Should the government regulate the prices of life-saving drugs?

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