5 ms·
It's not hard to understand. Pick a medical commodity that costs a few dollars in Europe or anywhere else in the world but is exorbitant in the US. Could be ins
by camperman 10y ago
It's not hard to understand. Pick a medical commodity that costs a few dollars in Europe or anywhere else in the world but is exorbitant in the US. Could be insulin, an epipen - whatever. Try and bring some back in to the country with you. You're breaking the law. Try and bring back a whole box of it and you're off to jail. Without the government-backed threat of jail, the market would very quickly find the proper price.
- rayiner 10y agoAppeals to the "market" are baseless. There is no competitive "market" for drugs anywhere. In Europe, drug prices are artificially suppressed by central governments exercising buyer-side market power.
- malinens 10y agoEuropean pharmaceutical companies are still earning billions of dollars. Suppressed are hikes of prices and not drugs themselves
- vonmoltke 10y agoHow much of that is coming from the United States?
- refurb 10y agoThere is no competitive "market" for drugs anywhere. I guess it depends on what you define as competitive. When hepatitis C competitors were launched, Gilead dropped their price really dam quick to keep market share. I would call that a competitive pharmaceutical market.