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You go to any country outside of North America and you can get medicines the exact same ones for a fraction of the cost on the dollars. US generally is up charg
by Sparkyte 3y ago
You go to any country outside of North America and you can get medicines the exact same ones for a fraction of the cost on the dollars. US generally is up charged due the ability squeeze insurance and then the patient. So definitely greed, some regulations should be applied. Insurance companies would be happy to not be squeezed, if some sort of regulation was made to prevent squeezing it would be nice. Even a culture where doctors were glorified over YouTube stars would help too. Asia for example if you're a doctor you're making money! But the scary thing is that doctors in Asia don't charge 100,000 USD for said surgery. Just think about it.
- caycep 3y agoI would hope so...not sure what the EU or Canada cost of a 100U vial but I would hope and be pleased if it were much less than $1k US
- Sparkyte 3y agoI plan to retire in my wife's home country where family values and everything else is just that much better.
- mike10921 3y agoI'm the last to defend the drug companies, but at a basic level, they get the right to sell at high prices because of the cost to bring to market which is absolutely enormous. Once it goes to market the cost of producing the drug is often very low compared to the price but it's in order to encourage companies to invest in future drugs.
- LadyCailin 3y agoIn this case, the drug is 30 years old. I’d say any cost to bring to market is well paid now, and even if it isn’t, this is why the public should fund the research via taxes, not locking profits up via corporate entities.
- s1artibartfast 3y agoThe product is long off patent. The only thing stopping someone from selling it cheaper in the US is the government itself and limited economic returns.
- systems_glitch 3y agoNot patented, trade secret.
- reaperman 3y agoSure, but it's only the USA paying the most truly ridiculous prices. They're usually quite affordable in the rest of the world.
- mike10921 3y agoThe reason is that labs can decipher the drug contents and produce the drugs at a fraction of the cost. Of course, these companies never paid for the research and cost to bring to market. So yes US citizens end up carrying the cost, but in practicality, a very big number of life-saving drugs originate in US companies. I am definitely not defending these companies just pointing out the basics.
- Sparkyte 3y agoThey are often sold by the same companies that make them in the US as most pattens are international. It is really they are expensive because we can and people will pay it.
- koolba 3y ago> Insurance companies would be happy to not be squeezed, if some sort of regulation was made to prevent squeezing it would be nice. Insurance companies are bound by ACA profit caps where 80% of revenue has to go to “medical claims”. This leads to a perverse situation where their theoretical maximum profit is tied to higher cost of services. If they’re at that limit and actually negotiated lower prices, they’d be in violation of those (perverted) profit caps.
- fegu 3y agoThis is very interesting and completely new to me (I'm European). Suddenly so much of the situation in the American health business makes sense.
- ramblenode 3y ago> So definitely greed, some regulations should be applied. Regulations are what prop up the high prices. Allow people to import drugs from overseas or Canada and you would see prices start plummeting overnight.
- Sparkyte 3y agoRegulations don't really it is an excuse every country has a board or ministry of health and some relationship to drugs.
- bgnn 3y agoIt's like 100 usd/vial in some countries in Europe, more expensive in some others. Still ridiculously expensive.