Reply to UHC CEO Gunned Down in Midtown Manhattan

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We absolutely subsidize other countries healthcare.

European countries pay 1/4 or 1/3 for the same drugs.  If we forced big pharma to charge us the same amount they charge to everyone else, Europe would have to pay more.

"The prices charged to Medicare for drugs sold here and in Europe would settle at a middle level, well below the current high prices charged to Medicare but significantly above European prices — an eminently fair outcome.

No longer would uber-wealthy Norway, for example, be able to demand a drastically low price, one at which drug manufacturers cannot make money in the United States. Norway would have to capitulate and pay a higher price, or go without the drug.

Some economists think Europeans would forego new drugs during the patent period and wait for generic versions to become available. However, what is likely to happen is that wealthy citizens of such nations would travel to the U.S. for treatment..."  
https://thehill.com/opinion/healthcare/529049-america-is-subsidizing-europes-socialist-medicine-with-higher-drug-prices/

"The drug companies in turn would reduce their output, though not immediately. The reason is the structure of drug costs. The cost of developing and obtaining FDA approval of a new drug, all of which cost is incurred before the drug is sold, is a large percentage of total costs. Once the drug is on the market, the cost of actual production is very low. The sale price of the drug is dominated by the presale development costs. The effect of the government’s pushing down the sale price would therefore be to reduce the development of new drugs rather than the production of existing drugs." 
https://www.becker-posner-blog.com/2009/12/should-the-government-use-its-monopsony-power-to-reduce-the-price-of-drugs-posner.html
[/quote]

Americans make more money than Europeans. They can afford it. [/quote]

European do not allow high prices for drugs. America does. There is no one fighting for American patients.[/quote]

drug cost is decided by the pharma industry - not a random health plan.[/quote]

May I suggest you study this issue at a slightly deeper level? You might start by reading about PBMs.  [/quote]

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