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You'd really need to show some numbers to back this up. Is the cost of funding the "research complex" included in the expenditure on health care? At least som
by biorach 4y ago
You'd really need to show some numbers to back this up.
Is the cost of funding the "research complex" included in the expenditure on health care?
At least some of this cost is born by the Federal government, foundations etc, is this counted as general health care expenditure (I doubt it)
Some of the research is funded by companies - since they sell globally this funding cannot be counted as purely of US origin.
Other countries also have significant health research - e.g. UK, France, Germany - your point would also apply to them.
Overall your point is dubious, and vague - you'd need to present some solid numbers to back it up.
- mjewkes 4y agoHey biorach - I would suggest: https://www.rand.org/pubs/research_briefs/RB9412.html https://www.rand.org/pubs/research_briefs/RB9412.html and The Great American Drug Deal, by Peter Kolchinsky. Specific claims: - The US pays more for new drugs than the rest of the world - The US contribution is disproportionate, and is major driver of the drug development industry. -If the US paid less for new drugs, the entire industry would slow, and we would have fewer more effective treatments. ... Routine medical procedures being crazy expensive is unrelated and pathological.
- raverbashing 4y agoYou're assuming that most of the "extra" money goes back in research and not to shareholders and management bonuses Given how pharma companies operate, I kinda doubt it.
- mjewkes 4y agoNo assumptions. The rand article addresses that directly.