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Politics All Things Trump

Why the U.S. Pays More Than Other Countries for Drugs

Sorry it is paywalled WSJ article. My problem is that most reporting about business is straight up trash other than paywalled sites.

This paragraph about sums up the state of affairs.



The overall picture is even more complex than this essentially decent article goes into.

The US healthcare system is bad for the consumer. I do blame our failed regulatory agencies in the US, and the companies. But it also must be said that the actual concept of a "free market" may not be the way to go as far as healthcare in the US.

The current system is in no way a free market. It is a corporate/government rats nest.
Anything that is essential to a persons survival shouldnt be placed on a free market. I think thats where most Americans are getting shafted, not by other countries or even immigrants, but Corporate greed.
 
Anything that is essential to a persons survival shouldnt be placed on a free market. I think thats where most Americans are getting shafted, not by other countries or even immigrants, but Corporate greed.

I wouldn't say that as an absolute. I am a free market guy. We seem able to use a somewhat free market to get food and shelter in place.

But healthcare? Whatever you want to call the healthcare system we use now, I call it broken.
 
Also, Wow!

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The 'Daily Mail' claims Trump is on the list: (Link)
Donald Trump was informed months ago by Pam Bondi that his name appears 'multiple times' in the Jeffrey Epstein files the same day she recommended against releasing all documents, according to a new report.
 
Here's the thing with drug prices in the US. The pharm companies may charge Americans and their insurance companies much more than they charge in Canada and Europe, because Americans and their insurance will pay. What may cost $1,000 per month in the US, may cost $15 per month in Europe and Canada or less. Maybe pennies per month in Asia or Africa. The US market is subsidizing everyone else and it's scam.

As far as the math goes in that statement, I don't know. But if you continue to follow accounts like the above, the brainwashing will only continue.
I was watching Trump speak on a video. His words.

Edit: Here is the same by fox business, if it's less of a brain wash:
 
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I was watching Trump speak on a video. His words.
I dont think UK or Europe paying pennies is causing USA to pay $1000, mostly these are different companies. UK and Europe are buying a simple decades old drug, base ingredients are well known. US are buying what their doctor prescribed, and the manufacturers are bribing the doctors to prescribe it. Most of UK people know what a generic drug is. Plus unlike a lot of europe, in UK you can buy a large range of medicines from the supermarket, you dont have to go to a pharmacy. Whatever this problem is, its confined to USA.
 
I dont think UK or Europe paying pennies is causing USA to pay $1000, mostly these are different companies. UK and Europe are buying a simple decades old drug, base ingredients are well known. US are buying what their doctor prescribed, and the manufacturers are bribing the doctors to prescribe it. Most of UK people know what a generic drug is. Plus unlike a lot of europe, in UK you can buy a large range of medicines from the supermarket, you dont have to go to a pharmacy. Whatever this problem is, its confined to USA.
Yes, and a lot of European countries subsidize medication for patients. If it costs 15 USD for the patient per month, the government pays the rest, which in some medications is a very substantial sum.
 
I was watching Trump speak on a video. His words.

Edit: Here is the same by fox business, if it's less of a brain wash:
You were asking about the math. Is it true that Americans are paying 1,000% or 2,000% more for the same drugs as Europeans or Asians? Yes! And it's a scam.
 
You were asking about the math. Is it true that Americans are paying 1,000% or 2,000% more for the same drugs as Europeans or Asians? Yes! And it's a scam.
He said that he would decrease the price by up to 1000%. If you decrease the price by 100% the drug is free. If you decrease it more than that, the pharma company will pay to the patient. But like it has been said, he shouldn't be taken literally.

If the Americans pay more for the same product (not a substitute drug) than a European government and a patient, then sure, it's not fair and negotiating a better deal is only rational. But it's also not intellectually honest, if they are comparing a European patient cost to American patient cost. Not sure if that is the case though.
 
He said that he would decrease the price by up to 1000%. If you decrease the price by 100% the drug is free. If you decrease it more than that, the pharma company will pay to the patient. But like it has been said, he shouldn't be taken literally.

If the Americans pay more for the same product (not a substitute drug) than a European government and a patient, then sure, it's not fair and negotiating a better deal is only rational. But it's also not intellectually honest, if they are comparing a European patient cost to American patient cost. Not sure if that is the case though.
I know, the way he said it didn't make sense. He should have said it differently.

Anyway, I don't blame anyone but the pharm/health insurance cabal for what is happening in the US.
 
Plus unlike a lot of Europe, in UK you can buy a large range of medicines from the supermarket, you don't have to go to a pharmacy. Whatever this problem is, its confined to USA.
Last time I was over, I had a whopper headache and wanted an OTC pain reliever like Tylenol or Advil. While on a road trip we stopped at a C-store for gas and snacks... I asked an employee where that sort of product was kept. My pals quickly jumped in, saying essentially, "he's American and doesn't know any better!"

Turns out in Belgium - (might have been France, I was lost), - you need to get that sort of thing at a pharmacy. Hopefully the young lady didn't conclude Americans are druggies!
 
I know, the way he said it didn't make sense. He should have said it differently.

Anyway, I don't blame anyone but the pharm/health insurance cabal for what is happening in the US.
Just as a reference, I can buy a months supply of antihistamine, for £0.79- about $1. 20 ibrufen, same.
 
Americans are getting shafted not just when it comes to drugs, but in all aspects of healthcare—which suggests to me the failure is inherent to the system.

my-hospital-bill-for-a-single-mri-scan-in-the-us-v0-4tyy8a2ung6e1.webp


There's no reason an MRI has to cost $18,000. And "socialism" isn't the reason an MRI costs only $400-1,500 in Europe. It's just not a fair price (unless you happen to run an MRI in the middle of the Alaskan wilderness). And there are so many more egregious example of overpricing, which I'm sure many of our American members can attest to upon review of their bills.

It's "pharmacy benefit managers" and all the other intermediaries taking their share which make your system so cost-ineffcient. Hate to sound like I'm indulging murder, but that guy who killed the UnitedHealthcare CEO raised some valid points.
 
Americans are getting shafted not just when it comes to drugs, but in all aspects of healthcare—which suggests to me the failure is inherent to the system.

View attachment 533942

There's no reason an MRI has to cost $18,000. And "socialism" isn't the reason an MRI costs only $400-1,500 in Europe. It's just not a fair price (unless you happen to run an MRI in the middle of the Alaskan wilderness). And there are so many more egregious example of overpricing, which I'm sure many of our American members can attest to upon review of their bills.

It's "pharmacy benefit managers" and all the other intermediaries taking their share which make your system so cost-ineffcient. Hate to sound like I'm indulging murder, but that guy who killed the UnitedHealthcare CEO raised some valid points.
I had an eye problem, had a CT scan to make sure it’s not brain degeneration( it wasn’t, FYI) then eye surgery, expert surgeon, anaesthetist, day in hospital, follow up. Went private, cost was about £5000, all paid by my employer insurance. Could have had it free, but would have waited maybe 2 months.
 
I wouldn't say that as an absolute. I am a free market guy. We seem able to use a somewhat free market to get food and shelter in place.

But healthcare? Whatever you want to call the healthcare system we use now, I call it broken.
Chief, the housing market in the US is bonkers, with big corpos buying houses to keep the prices up and forcing some to rent. Here we have a government housing loan and a cap on rent increases.... We also dont have subsidies for the corpos, thereby, they rely on actual supply and demand. Same with medicine and food, if the price of one commodity increases enough, the government comes in and either checks for actual prices and would even go as far as look for supply to meet the demand and control the prices.
 
I had an eye problem, had a CT scan to make sure it’s not brain degeneration( it wasn’t, FYI) then eye surgery, expert surgeon, anaesthetist, day in hospital, follow up. Went private, cost was about £5000, all paid by my employer insurance. Could have had it free, but would have waited maybe 2 months.
My dad had two surgical operations just a couple of days ago... total cost from the laboratory tests all the way till his post op was just $4000.00... after the government insurance etc... $2000, after the medicare I got for him .... total bill was $40. It would have been almost free if we went with a government run hospital
 
My dad had two surgical operations just a couple of days ago... total cost from the laboratory tests all the way till his post op was just $4000.00... after the government insurance etc... $2000, after the medicare I got for him .... total bill was $40. It would have been almost free if we went with a government run hospital
Do Americans haggle? Genuine question.
 
Do Americans haggle? Genuine question.
Not on healthcare. You will get kicked out of the office.

The corporations haggle with each other. The consumer gets the shaft.

And drug companies do indeed charge more in the US than in Europe. The US consumer is in effect subsidizing the price in other countries. This is a fact and it is not arguable. If you don't believe me look it up or live in ignorance.

The reasons that is a fact are a little debatable, but honestly not very much. Almost all of this is pretty out in the open, and has been for decades. This is not new information.

Most drug companies don't even make a shadow of hiding it. Things like this are discussed pretty openly in publicly traded companies. They are factors in earnings forecasts, regulatory clearance, and risk management.

Will the companies do anything to change this situation. Absolutely not.

Will the US government do anything to change this situation. I doubt it.
 

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