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Who have an insanely better price anyway because of their negotiating power as a nation instead of an individual payee.
by hobs 4y ago
Who have an insanely better price anyway because of their negotiating power as a nation instead of an individual payee.
- vidarh 4y agoIt's not just negotiating power, but that they're actually allowed to negotiate. E.g. Medicare has a substantially higher demand for drugs than most single payer universal healthcare systems due to a combination of number of people covered plus covering mostly older, more expensive, patients. It's larger than the UK's NHS for example. But Medicare is subject to various legal restrictions on their ability to negotiate the best prices possible, while the NHS can use whatever leverage it pleases.
- arethuza 4y agoWhy would any government legislate to prevent a government run medical provider from negotiating with suppliers?
- vidarh 4y agoThe excuse is that they're concerned about it distorting the market. So instead they're distorting it by ensuring one of the bigger customers of pharma companies won't try to get the best prices possible...