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As I stated in another post, their health care is subsidized massively by the US acting as a profit center to fund drug and medical technology development. The
by throwawy3589 8y ago
As I stated in another post, their health care is subsidized massively by the US acting as a profit center to fund drug and medical technology development.
The US produces a disproportionate amount of new drugs, other countries mostly create cheaper and easier to make follow on drugs. Get rid of the profit motive and new drug creation grinds to a halt.
https://qph.fs.quoracdn.net/main-qimg-7fa1b6167f99405f82524d108b4bfd70.webp https://qph.fs.quoracdn.net/main-qimg-7fa1b6167f99405f82524d...
- iknowstuff 8y agoUh, looks like if you combine all European countries on this sketchy chart, as one should considering it's only fair to compare markets of similar amounts of population, their output looks similar to USA's. This says Western Europe alone is responsible for 22% of pharma revenue, as opposed to 33% from all of the United States: https://www.statista.com/statistics/784420/share-of-worldwide-pharma-revenue-by-country/ https://www.statista.com/statistics/784420/share-of-worldwid...
- meowface 8y agoSurely there can be some kind of balanced situation where drug and technology development can still be profitable in the US but impoverished people can still get free healthcare instead of avoiding doctor/hospital visits and dying?