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If people had to buy the drugs with their own money...prices would come down because otherwise no one would buy them.
The cosmetic surgery industry is still affordable because people have to pay with their own money.
When it's not your money, you don't care how much it costs.
Insurance..."oh look, my drug is only $" instead of $$$$
Cosmetic surgery and life saving drugs play on two different fields. Now, I'm not saying that all or even most of the prescriptions docs are writing these days are life saving or even improving QOL, but many are for sure. When your life or health depends on it, you will probably pay whatever you can. If priced on the free market, this could exclude many Americans from being able to afford these drugs. And to be fair, it's not really the free market because the government ensures monopoly (through patent protections). If the government ensures the company protection to sell the product they discovered exclusively for a period of time, then the same government can tell that company what it can and cannot charge or the government won't enforce patent protection.
Perhaps addressing the prescription cost issue first is the "easier" route to that point? Given our current political situation and the effectiveness of medical lobbyists, even that won't be easy. But we need to start, and prescription drugs seem like the low-hanging fruit. Hopefully one benefit would be lower medicare costs, at least for Part D.
The medical debt in the US for people being close to $200 billion.
Because other countries will pass laws to deal with price gouging on life saving medication. Some things are just expensive-I get some monoclonal antibodies for a cancer treatment that costs a obscene amount. Not because its expensive to make, but because the making of the first ones was expensive.
But then there are things like insulin, dirt cheap to produce, and public domain. There no reason it should have gotten so high....except they could.
If we're going to address the excessive cost of health care in the US, this sounds like one political avenue that could be explored by our government.
"Why are medications so expensive in the US?"
Nobody is forcing you to buy them, so DON'T!
Or start your OWN pharmaceutical company.
Do you have any clue how much research and development costs?
Obviously NOT!
Why do so many Canadians come HERE for treatment?Your problem is solved.
Last edited by Quick Enough; 03-18-2024 at 08:39 AM..
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