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How would fixing our pricing do this? One of the following is likely to be true (or a blend of the two): 1 - The US subsidizes everybody else's lower prices by
by alistairSH 2y ago
How would fixing our pricing do this?
One of the following is likely to be true (or a blend of the two):
1 - The US subsidizes everybody else's lower prices by overpaying.
2 - BigPharma is taking advantage of regulatory capture in the US to charge more than a "free market" would allow.
If #1 is true, and the US starts negotiating prices, that's on the other countries to figure out. Not our concern.
If #2 is true, and the US starts negotiating prices (or otherwise fixes the market), great, we've removed rent seeking and freed up massive piles of money for more productive spending.