4 ms·
Quite correct: I have no idea what the price is in Lichtenstein. Nor have I compared the price of every drug manufactured. Nor even a majority of those thousand
by whybroke 12y ago
Quite correct: I have no idea what the price is in Lichtenstein. Nor have I compared the price of every drug manufactured. Nor even a majority of those thousands.
I have, however bought a dozen or so different drugs and have done so in France, Italy, Croatia, Spain, Portugal and the Netherlands. All of which were tiny fraction of the price in the US.
So given two hypothesis: the US is cheaper vs the EU is cheaper, and a bunch of data points all pointing that same way, a little bit of Bayesian statistics shows us which hypothesis is over overwhelmingly more likely doesn't it? We can agree to use Bayesian statistics even though there's no entry in the conservapedia can't we?
Contrast, for example, with the parent poster's hypothesis which comes form no more data than a.m. radio infotainment, I think there's only one rational tentative conclusion don't you?
- refurb 12y agoI'd take a Commonwealth Fund analysis over your "Bayesian statistical analysis". http://managinghealthcarecosts.blogspot.com/2012/03/united-states-and-world-prices-of.html http://managinghealthcarecosts.blogspot.com/2012/03/united-s...
- whybroke 12y agoAh yes that is obviously much better than extrapolating from anecdotes. But of the few European countries compared, at least two have deregulated pricing for generics which is exactly the point we're talking about isn't it? The others may or may not (I don't know). But why were Norway, Sweden and Denmark omitted from that comparison when they are in every other comparison on the original page? It's a strange omission because generics in Scandinavia are lower than western Europe. Inside of Europe, countries that have deregulated their generics simply have higher prices.