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How crazy -- look at how much more money is spent on marketing than on R & D!!?
Those commercials tempt too much. When they list all the side effects, I consider it a challenge to my honor. It's like they're almost daring me to take it. It's like that Fugu, if it's in front of me I have to eat it. If I didn't, it'd be like saying I'm a weenie. And I am not a weenie.
The cost of developing new drugs and medications is huge-often in the billions of dollar by the time the cost of "dead end" research that doesn't produce a salable product, the cost of years of animal and human testing is included and the cost of production facilities is factored in.
These costs are born nearly exclusively by American consumers, insurance companies and taxpayers. Without someone paying-these new, lifesaving treatments will never make it to market. So, US citizens pay the development costs-then after these costs are incurred, the drugs are offered to the rest of the world at a a great discount-none of the development cost, simply the production costs.
Drug companies get taxpayer funded government grants to cover 84% of the cost for the first research phase of drug development. And reports indicate that drug companies use a bit over 1% of their sales revenue on research for new drugs.
And half of America's drug research and development is done by universities and biotech firms (not drug companies.)
Drug companies spend 19 times more on marketing than on research and development. And then the drug companies get tax write offs for their marketing costs.
These drug companies charge Americans 40% more for drugs than they charge in Canada, 75% more than they charge in Japan, and triple the amount they charge in Denmark.
Drug company paid politicians and corporate news groups spread 'drug company propaganda' about the cost of research and development, and these groups lie about the costs of research and development to scare the public about lowering drug costs.
The cost of developing new drugs and medications is huge-often in the billions of dollar by the time the cost of "dead end" research that doesn't produce a salable product, the cost of years of animal and human testing is included and the cost of production facilities is factored in.
These costs are born nearly exclusively by American consumers, insurance companies and taxpayers. Without someone paying-these new, lifesaving treatments will never make it to market. So, US citizens pay the development costs-then after these costs are incurred, the drugs are offered to the rest of the world at a a great discount-none of the development cost, simply the production costs.
Now, the question is-how do we get the rest of the world to help bear the costs of developing these lifesaving treatments?
Insurance companies don't pay a penny of the cost;their policy holders pay for it.
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