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US$280 in China, US$8,892 in the US: new Chinese cancer drug gets FDA approval

• _lvbh 3y ago
  Is this because of import taxes or just profiteering?
  • vijayr02 3y ago
    > However, even with the huge price mark-up in America, the Chinese cancer drugs will still be priced significantly less than similar drugs sold in the US. So they're charging what the market can bear.
  • kdwikzncba 3y ago
    Import taxes are profiteering by the state.
• simonblack 3y ago
  That's what happens when your country doesn't have a single-payer health system. If tiny, poor countries can do it, so can the US. The only problem is that the US Health and Insurance Industries are so used to having their snouts in the trough, that's why there's a US problem. Want to know how much my triple-bypass cardiac surgery cost me and my family in my country? Nothing at all. Levemir and Lantus Insulin in the US can cost as much as $135 per 10 ml vial. Here the cost is: "What will patients pay for their Lantus and Levemir prescriptions? A patient will pay his or her normal co-payment for each prescription filled – this is currently $4.70 for concession card holders and $29.50 for non-concessional patients. Each prescription will normally provide about 6 months of treatment, so the annual cost for patients will be $9.40 or $59." By the way, those annual prices are in AUD. In USD, those annual prices are the equivalent of about $6.25 and $39.00.