The point of highlighting "other countries" is it's an obvious example that the food processors are lying. They claim they must put all these additives in food, it's required for whatever reason. Yet in countries where it's illegal they don't.
It's the same with drug prices. When a drug costs 10x or a 100x here what it costs in other coun…
The point of highlighting "other countries" is it's an obvious example that the food processors are lying. They claim they must put all these additives in food, it's required for whatever reason. Yet in countries where it's illegal they don't.
It's the same with drug prices. When a drug costs 10x or a 100x here what it costs in other countries that's important to know. They aren't losing money in those other countries yet they sell the drug at a fraction of the US cost. It's de-facto evidence the US market is rigged with rampant price-fixing.
How the companies operate in other countries (where they aren't allowed to do what they do here) is hugely important as it demonstrates the corruption of both these companies and the US regulators.
I’ve always heard that it’s because the places with socialized medicine negotiate prices and the drug companies make up for that by charging us more 😕 Because they can.
Our hospital costs factor in hospitals being required to treat the indigent, so those with hospital insurance pay more. Enforced "charity". As I understand it.
IMO that's an excuse that doesn't hold water. Even when the government is actually buying the drugs (i.e. through Medicare) or giant corporations are (insurance companies) we still pay the hugely inflated prices in the US. Only a percentage of the population are paying individually out of pocket and lack negotiating leverage. So it's not just negotiation or those same forces would be at work here, but they aren't.
The prices drug are systematically fixed in the US, and the government not only allows it but it encourages it. Not so in other countries.
I was more saying that they inflate prices here because they have nothing stopping them, contrary to other places where the governments won’t allow it. As you said in your last paragraph—the government here not only allows it but encourages it. And thus the Pharma companies (and those who invest in or have stakes in them) get $$$$$ profits.
The point of highlighting "other countries" is it's an obvious example that the food processors are lying. They claim they must put all these additives in food, it's required for whatever reason. Yet in countries where it's illegal they don't.
It's the same with drug prices. When a drug costs 10x or a 100x here what it costs in other countries that's important to know. They aren't losing money in those other countries yet they sell the drug at a fraction of the US cost. It's de-facto evidence the US market is rigged with rampant price-fixing.
How the companies operate in other countries (where they aren't allowed to do what they do here) is hugely important as it demonstrates the corruption of both these companies and the US regulators.
I’ve always heard that it’s because the places with socialized medicine negotiate prices and the drug companies make up for that by charging us more 😕 Because they can.
Our hospital costs factor in hospitals being required to treat the indigent, so those with hospital insurance pay more. Enforced "charity". As I understand it.
Yes, it is bankrupting many hospitals...
Destroying America to win elections seems to be a bit of a radical idea... no? And the SMELL!!!
IMO that's an excuse that doesn't hold water. Even when the government is actually buying the drugs (i.e. through Medicare) or giant corporations are (insurance companies) we still pay the hugely inflated prices in the US. Only a percentage of the population are paying individually out of pocket and lack negotiating leverage. So it's not just negotiation or those same forces would be at work here, but they aren't.
The prices drug are systematically fixed in the US, and the government not only allows it but it encourages it. Not so in other countries.
I was more saying that they inflate prices here because they have nothing stopping them, contrary to other places where the governments won’t allow it. As you said in your last paragraph—the government here not only allows it but encourages it. And thus the Pharma companies (and those who invest in or have stakes in them) get $$$$$ profits.
Yes, drug pricing is such an appalling scam... very similar to the entire Oncology matrix of greed and graft...
Proverbs 20:23 (ESV)
"Unequal weights are an abomination to the Lord, and false scales are not good."
I use a product made by Abbvie. I order it from alldaychemist for $10. In the US, the price is almost $80.
Nailed it!