I should note some research I did to clarify the discussion about price control: “When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result.” (Khan Academy, emphasis mine) Clearly, price controlling medications could easily be set well enough above an equilibrium to allow companies to make profit, but not be allowed to succumb to endless, unchecked greed. No one thinks the fundamental concept of profit is bad, but like anything, too much of something usually ends up being bad.

-Casey