4 ms·
> There’s a good reason why U.S. drug prices are so much higher than what people pay in other countries. Most other developed nations place limits on how much d
by gist 10y ago
> There’s a good reason why U.S. drug prices are so much higher than what people pay in other countries. Most other developed nations place limits on how much drug companies can charge to prevent them from taking advantage of the sick. A fair profit is fine. Price gouging is not.
Ok so what is happening here if it's not clear is this. People in the US are subsidizing so that people in those countries don't pay as much. Point being if people in the US paid the same price (in theory) the drug companies wouldn't make enough money to support their operations. As a result prices would rise for everyone and drugs in the US would cost less. I guess it's to simple for our government to enact some kind of 'most favored nation' clause whereby the discounts given to other countries must be given here. My guess is that that doesn't happen simply because it works in the favor of the drug companies (who will lobby) to have the current system.