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U.S. Consumers Foot the Bill for Cheap Drugs in Europe and Canada

bloomberg.com

21–22 of 22 posts

Re: U.S. Consumers Foot the Bill for Cheap Drugs in Europe and Canada

#21
Kind of a crappy article. It focuses on new drug innovation when most of the markup we are seeing in the US is for old drugs. As an individual you can't negotiate when you need a drug.

It's up to a regulatory body to make sure the manufacturers aren't exploiting their position in the market.

Re: U.S. Consumers Foot the Bill for Cheap Drugs in Europe and Canada

#22

Earlier quoted context omitted.

I promise you the level of state-backed research for pharmaceuticals is much higher in the US than it is from "the countries that the author reckons are raising US drug prices." I would, however, be the first to tell you that throwing money at drug development is not a solution to good drug development, and may be counterproductive beyond a certain point.

Fair. I just had a look at the numbers. Is less clear when you drill down to individual countries and if you only look at the most virulent diseases, also with a lot of the funding, like the global fund for instance, many of the EC countries donate twice, once as part of their EC obligation, and again as a national donation, so you may miss a lot if you just look at EC funds. But you are definitely right overall, the…

it should have no effect on pricing. Basic capitalism 101: The price of a good is very limitedly affected by what it costs to produce it.
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