Comment by 0xDEAFBEAD
1 month ago
That actually changed recently, but The Economist (UK newspaper) whines that Americans will no longer be footing the bill for drug development:
We're done with Europeans treating us as suckers. Doing nice things for Europe leads to nothing but contempt from Europeans.
They correctly point out that useless parasites like the Pharmacy Benefit Managers that I also mentioned to you, are a quite big part of your drug price problem. Yet you seem to refuse to acknowledge it
The system is packed with opaque middlemen such as pharmacy benefit managers, many of which are making big rents
Certainly the US healthcare system needs reform. But I believe a big reason why we have paid such high drug prices for so long is because congresspeople in the US believed that it was good for us to subsidize drug innovation for the entire world. That era is over. Like I said, you Europeans had a good thing going, but you just couldn't let well enough alone.
If you really believe that Congressmen in the US thought they were subsidizing foreign nations while their own citizens suffer out of their goodness of their hearts, and not because some Lobbyists donated huge sums to their campaigns and "convinced" them in some meetings, Boy I do have a Bridge to sell you.
American Politicians are really famous worldwide for being selfless, defending other nations interests to the detriment of their own nation
Especially the Republican ones, which have blocked and still trying to block all efforts to bring drug prices down by negotiation.
They are known for being very caring people. Especially for the poor and disadvantaged
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No, that article has one paragraph which frets that if Medicare drives down drug prices in the USA, pharma companies might cut R&D spending, and might get less new drugs (note the conditional and hypothetical). A colleague in biomedical research says that its just a common misconception that R&D costs drive drug prices eg. https://doi.org/10.1136/bmj-2022-071710