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The prices are less outlandish in single payer healthcare systems as the government's monopsony can force prices down
by SturgeonsLaw 2y ago
The prices are less outlandish in single payer healthcare systems as the government's monopsony can force prices down
- myprotegeai 2y agoYou seem to be under the impression that the government works on your behalf to save you money.
- SturgeonsLaw 2y agoIt does. The Pharmaceutical Benefits Scheme here in Australia is a lever that the government pulls to negotiate lower drug prices https://www.pc.gov.au/inquiries/completed/pharmaceutical-prices/report https://www.pc.gov.au/inquiries/completed/pharmaceutical-pri... It also pays an additional $5B p.a. in drug subsidies.
- myprotegeai 2y agoCan you describe the incentive structure that makes sure Australians require less drugs in general? That's the bigger picture. Getting a discount on something you shouldn't need in the first place is not a win.