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I think that even private-sector-developed drugs rely on publicly-funded research. Worst is when American companies charge U.S. customers higher prices than ov
by DrScump 10y ago
I think that even private-sector-developed drugs rely on publicly-funded research.
Worst is when American companies charge U.S. customers higher prices than overseas consumers for drugs that were developed using USA-taxpayer-funded research.
- cmdrfred 10y agoWorse yet, you donate money 'for the cure' it's discovered and sold back to you at 5000% mark up.
- dalke 10y agoIt's hard to disentangle things, as publicly-sector-developed drugs also rely on privately-funded research. For a simple example, an academic or non-profit group might get reduced cost access to research materials and software. Also, publicly-funded research may have a mix of funding sources, including private philanthropy and for-profit companies.
- refurb 10y agoYou really think it's bad to charge a lower price to lower income countries? A drug company should just charge people in Egypt the same as the US?
- nitrogen 10y agoYou have that backward.
- googletazer 10y agoThey charge everyone as much as they can get away with, its still the same old supply and demand. The issue is that say France/Egypt/India can provide an organize front when dealing with pharmaceutical companies so they get better deals. Ever seen the video with Ron Paul being asked a question with what should happen to a person who has no insurance but needs immediate medical care and the audience shouted "Let him die!". There's your answer. Never gets old: https://www.youtube.com/watch?v=PepQF7G-It0 https://www.youtube.com/watch?v=PepQF7G-It0