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I wonder if drugs are cheaper due to more relaxed regulations? the American FDA has many strict requirements around manufacturing and distributing drugs, but Me
by SamuelAdams 8y ago
I wonder if drugs are cheaper due to more relaxed regulations? the American FDA has many strict requirements around manufacturing and distributing drugs, but Mexico and Cananda do not need to follow the same standards, resulting in lower operating costs.
Lower operating costs = lower price.
- decebalus1 8y agoNah.. Does the UK have lower standards or more relaxed regulations? What you're seeing here is the free market without government price control, at it's 'best'. Things in general are priced at what consumers are willing to pay. That's basically it.
- danans 8y ago"what consumers are willing to pay" is intermediated through health insurance companies, whose policy premiums have skyrocketed in the US in the last few decades. Before relatively recently, most US medication consumers didn't understand that rising drug prices were a factor in the rise of their health insurance premiums. Now they are catching on to that, which is why it is becoming a politically important issue.