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I would argue Big Pharma free rides its self on research from universities around the world which are mostly publicly funded and not for profit. The US represe
by anthony_barker 5y ago
I would argue Big Pharma free rides its self on research from universities around the world which are mostly publicly funded and not for profit.
The US represents less than 34% of global research.
https://pubmed.ncbi.nlm.nih.gov/17354441/ https://pubmed.ncbi.nlm.nih.gov/17354441/
- chii 5y ago> The US represents less than 34% of global research and yet, the US has about 5% of the world's population. So proportionally, they are punching way above their weight.
- hnbad 5y agoAnd 25% of the world's prison population. Do we want to keep this stats dump going or did you have a point?
- din-9 5y agoIt would be fairer to compare by wealth, where the USA is at 30.2% https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth https://en.wikipedia.org/wiki/List_of_countries_by_total_wea...
- jpadkins 5y agoif you use wealth, we are a back at why americans spend more on per captia than any other countries: because they can (because they are wealthier). Healthcare, especially in older population, starts to behave like a luxury good at upper ends of cost / care.
- dwaltrip 5y agoUS healthcare costs are similar to other developed countries once normalized by per capita GDP? I thought they were still higher.
- simonh 5y agoI'm sure they benefit from public research, lost of industries do, but even public Universities are perfectly capable of patenting their discoveries and getting paid by companies using them. Ours here in the UK certainly do this.
- hajile 5y agoPatents are an attempt to protect risk. If you're getting my money to invest without any risk to yourself, you don't deserve a patent. Here's an easy solution: Patent and copyright times are limited proportionally by the percentage of government money invested and at the end of that time, the research must be made publicly available.