2 ms·
Ending the ban on importing (often the same) drugs from abroad would go a long way to achieving this goal - no fancy system needed. Also: "Johnson & Johnson an
by DarkKomunalec 10y ago
Ending the ban on importing (often the same) drugs from abroad would go a long way to achieving this goal - no fancy system needed.
Also: "Johnson & Johnson and Merck & Co. have taken steps to increase transparency about their prices." - let me know when they disclose how much they spend on development of non-generic drugs to treat serious medical conditions, vs. their other expenses (such as advertising). According to [1], the numbers aren't pretty. And that's lumping all of 'research' together - subtract generics and cures for baldness and similar, and how much money is being wasted in medicine becomes even more apparent.
[1]: https://www.washingtonpost.com/news/wonk/wp/2015/02/11/big-pharmaceutical-companies-are-spending-far-more-on-marketing-than-research/ https://www.washingtonpost.com/news/wonk/wp/2015/02/11/big-p...
- refurb 10y agoDo you really think reimportation would work? It hasn't worked in the past. A decade or so ago there was a big push to import cheaper drugs from Canada. What did drug companies do? Put a cap on how much drug would be sold in Canada. Canadians ended up restricting exports so that they had enough drug for their own citizens.