Thursday, August 04, 2011

Obama mentions patent reform in relation to debt ceiling

In his speech about signing the debt ceiling bill Tuesday, President Obama mentioned the need for patent reform, a remark that sounded curiously off-topic.

He may have been referring to excessive patent right “abuse” that drives up the cost of prescription drugs, especially for seniors and therefore for Medicare Part D.

However, as noted here before, some advocacy groups like Electronic Frontier Foundation, have criticized current patent law as potentially anti-competitive, making it too easy to get questionable patents to discourage others to try innovation.  

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