3 ms·
Every other developed country imposes price controls on at least parts of the healthcare industry. Drugs are just about always on the list. Either directly, or
by bamfly 3y ago
Every other developed country imposes price controls on at least parts of the healthcare industry. Drugs are just about always on the list. Either directly, or through monopsony power.
- BurningFrog 3y agoYes, currently most of the world is "free riding" on the US, which is the only country paying full price for drugs. If/when the US also stops paying, I expect drug development will stagnate a lot.
- refurb 3y agoThe US already imposes price controls in the US. Look up things like 340B, Medicaid mandatory rebates, etc.