3 ms·
Unless this magically doesn’t apply to every other developed nation, how do you explain why it’s only extortionate pricing we find in the US specifically? Even
by gotocake 8y ago
Unless this magically doesn’t apply to every other developed nation, how do you explain why it’s only extortionate pricing we find in the US specifically? Even with creative and generous accounting pharmaceutical giants make a literal and figurative killing, even accepting high R&D costs. What’s galling is that in plenty of cases the R&D budget is less than the marketing budget.
Still I’m sure there’s a solid scientific or medical reason why a year’s supply of something in Canada or Europe costs a fraction of a month’s supply in the States. I’m voting for “greed” and “systemic forces which allow it.” It sure as shit isn’t R&D...
- mistrial9 8y agoyou may not be thinking about market systems in the whole in each jurisdiction -- specifically the relationship of insurance and nation-wide health care monies, applied to the costs of medications to consumers, in non-US markets.
- aaavl2821 8y agoThese days pharma does r&d with the balance sheet through M&A and partnering deals that don't show up in the r&d line items Drug prices are lower ex us bc marginal price is still greater than marginal cost. However if prices weren't high in US, EU and Japan than everywhere else, the drugs wouldn't be developed in the first place