6 ms·
There 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 o
by OrvalWintermute 5y ago
There 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.