3 ms·
because UK subsidizes it. But UK residents pay 33% of GDP in taxes vs US pays only 27%, according to this https://www.oecd.org/tax/tax-policy/global-revenue-st
by vasilipupkin 7y ago
because UK subsidizes it. But UK residents pay 33% of GDP in taxes vs US pays only 27%, according to this https://www.oecd.org/tax/tax-policy/global-revenue-statistics-database.htm https://www.oecd.org/tax/tax-policy/global-revenue-statistic...
so it comes out of the higher taxes.
- djpowell 7y agoThose prices have nothing to do with subsidies. It is showing that the NHS pays a fraction of the US prices for the same insulins. Diabetics are exempt from all out-of-pocket prescription charges though, so that part is subsidized.
- AdrianB1 7y agoThen why isn't US buying insulin from UK's suppliers at a fraction of the current price?