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I think that's difficult to implement. There's a risk that companies might end up not launching new products on the US market There's several factors that impa
by Scandiravian 3y ago
I think that's difficult to implement. There's a risk that companies might end up not launching new products on the US market
There's several factors that impact US drug prices. For instance FDA approvals are significantly more costly than EMA ones and the bargaining power of healthcare providers is worse compared to a single payer system
I have no knowledge of US laws, but I wouldn't be surprised if there's some kind of law preventing government interference with "the free market"
- joatmon-snoo 3y agoNo such law here in the states, just a political atmosphere where some people adore the idea of socialism and others see it as the coming of the end of times. Combine that with a highly complex industry structure that’s been entrenched for decades, and you end up in a situation where it’s near impossible to pass laws that actually structurally change our system. (It’s almost the opposite, in fact, where our courts have expanded the Commerce Clause over time to allow the federal government the ability to regulate close to any economic activity.)
- Scandiravian 3y agoThanks for the clarification! :)
- lostlogin 3y agoRegulation has hit insulin pricing. https://www.whitehouse.gov/briefing-room/statements-releases/2023/03/02/fact-sheet-president-bidens-cap-on-the-cost-of-insulin-could-benefit-millions-of-americans-in-all-50-states/ https://www.whitehouse.gov/briefing-room/statements-releases...