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Nope. Its not "inneficiency" . ITs regulation. Literal dollars extracted from all US classes (including the poor on medicare and medicaid) and shifted to health
by IG_Semmelweiss 2y ago
Nope. Its not "inneficiency" . ITs regulation. Literal dollars extracted from all US classes (including the poor on medicare and medicaid) and shifted to healthcare R&D due to the healthcare market regulations that permit monstrosities such as coverage mandates, payment for new drugs with marginal benefit, or Medicare non-negotiation with manufacturers.
So, France may offer Pfizer $1 for drugs that take $100M to research. And Pzifer may calculate its advantageous to sell for that price if they plan to recover R&D cost from selling it in the US for $1000. That's not efficiency, that's a subsidized opportunity.
The US can (and hopefully will) break that game by quitting to subsidize it. If France wants cutting edge devices for $1, France can make their own. Spend their own taxpayer R&D millions. Pfizer will need to make price decisions affecting all buyers, not just US taxpayers.
- dfxm12 2y agoWe can only hope RFK has a better understanding of this. P.s.: I spelled "inefficiency" correctly.
- IG_Semmelweiss 2y agoI think that's where I am hopeful. I am more concerned on whether he will be allowed to do what must be done. He's running head-first into very, very powerful interests in industrial Food, forever drugs, and media (whose major revenue source is the former 2 groups). Its not a coincidence his mere nomination caused a bit of a ruckus already. There's been documented meetings from all major lobbyist groups getting together to plan how to take him down already. There's nothing sinister, to be clear. Its just status quo. When people's expensive DC mortages depends on whether you have a job, and whether you have a job depends on whether your client can sell even more missisipi children lucky charms and ozempic via SNAP food assistance, the lobbyst do what must be done, from their perspective. He screws the missisipi poor children and the tax payer, no 2nd thoughts needed.