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They're willing to do that because the US is a much larger market than any of those countries. Most pharmaceutical companies - including European companies - ma
by mancerayder 8y ago
They're willing to do that because the US is a much larger market than any of those countries. Most pharmaceutical companies - including European companies - make the lion's share of their profits from the US market. If they couldn't, you'd certainly see the costs for essential medicines increase in European countries.
"Willing" is a broken way to look at it. The drug prices are negotiated by the government in the single-payer systems.
- chimeracoder 8y ago> "Willing" is a broken way to look at it. The drug prices are negotiated by the government in the single-payer systems. Most countries don't have single-payer systems, and even where that's the case, "negotiated" is the broken term. For essential medications, the supplier always has greater leverage than the purchaser.