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Thanks for the insights! Obviously I am economy noob. > US has famously high drug prices due so cutting edge pharma makes much of its profits there That's sti

by herbst 1y ago

Thanks for the insights! Obviously I am economy noob. > US has famously high drug prices due so cutting edge pharma makes much of its profits there That's still weird to me. Switzerland has a cutting edge pharma market too and health care is affordable.

croemer 1y ago
Too many reasons for a reply here, but overall the common theme is lack of regulation giving pharma more power to play on their patent-derived monopolies. As for Switzerland, it's a small country with an economic model that doesn't scale/generalize. Even in Switzerland there's constant discussion about health care (insurance) being too expensive - though the biggest driver is wages not drug prices.
- herbst 1y ago
  I am not sure if you read other news but I am not aware of constant discussions when our insurance is comparingly cheaper than for example Austria but we earn 3 times as much.