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It has been told before, but I'll repeat it: US has such high healthcare cost, because they are pushing boundaries of what's possible in medicine, both by inven
by 988747 4y ago
It has been told before, but I'll repeat it: US has such high healthcare cost, because they are pushing boundaries of what's possible in medicine, both by inventing new drugs and innovating in surgery and other forms of treatment. Basically, US subsidizes healthcare for the rest of the world.
- pipodeclown 4y agoNo they're not, you don't get to have operating margins north of 25% for big pharma companies and get to claim high costs are the result of being at the forefront of medicine. Drug costs aren't calculated based on costs but on the basis of estimates of what the market will bear. The US has an inefficient healthcare system, inefficiencies being soaked through the profit margins of pharma companies participating in that system.