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Are American insulin prices really subsidizing insulin prices for n other countries? Hasn't it been known for long enough that it is not so encumbered with ip p
by bagels 5y ago
Are American insulin prices really subsidizing insulin prices for n other countries? Hasn't it been known for long enough that it is not so encumbered with ip problems that might be present for recently developed drugs?
- OrvalWintermute 5y agoThere appears to be a general MO of drug companies. Make the bulk of your profits in the US market, and subsistence elsewhere. I am not saying there are not other associated "Medical Industry" problems (lack of pricing transparency, 3rd party billing, EMTALA, EMR/NonClinical time for Doctors, Certificates of Need, disincentives for Cash payment) but this is a big one. Also, many countries appear to have weaponized their IP in order to force drug company massive discounts. As much as US Taxpayer $ goes towards much of the industry I am now in favor of outright nationalization for the established bigPharma. Let cutting edge biotech / lab space stay private, and BigPharma go nationalized. At least maybe then we'll not be paying the world's bills.