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Read 'The price we pay' if you want to understand the US healthcare system. Most of the 'socialist' countries don't pay for R&D on drugs; US consumers do. The
by anonuser123456 5y ago
Read 'The price we pay' if you want to understand the US healthcare system.
Most of the 'socialist' countries don't pay for R&D on drugs; US consumers do. They pay a marginal price based on production cost, but almost none of the fixed price investments in efficacy, safety studies etc.
The US system in no way resembles a functioning market. It's a byzantine spider web of regulatory capture, patent abuse, bad incentives and inertia.