4 ms·
I live in New Zealand, which has a centralised purchasing agency for pharmaceuticals (called Pharmac). The TPP doesn't require New Zealand to disband Pharmac. I
by chad_oliver 11y ago
I live in New Zealand, which has a centralised purchasing agency for pharmaceuticals (called Pharmac). The TPP doesn't require New Zealand to disband Pharmac. It can still negotiate reduced prices on behalf of the Kiwi public. The only change is that there is a more rigorous feedback and appeal process, which seems perfectly reasonable to me.
- x5n1 11y agoMost of that money is wasted on marketing, like over 50%. As a part of the TPP or future agreements there should be a requirement to stop all drug marketing expenditure and instead reinvest that into research. Also I wonder if arguments like similar drugs cost 55x as much so this should too would fly.