I took a little bit of a beating on that very subject last week. I was not aware that those, price controls, are why drugs in those other countries are so cheap. But, at the same time, I think it’s also telling, at least a little bit, that they are doing some price gouging. A medication I take was once, about $150 out of pocket. Went up to $380 or more. Asked my mom to see if she could get it for me, thru her insurance, it was closer to double the $380.
She was an office manager for a local General Practioner/Internist for years. Local doc that actually made house calls with one of those black bags. She witnessed everything change when the clintons got in bed with the insurance companies and HMOs, etc and then with obamacare, that has allowed the drug companies to jack up everything because everyone is supposed to have insurance and they can charge what they want because the government/taxpayer is paying the bills.
I’d love to see the President go on Twitter and document what it costs to make some drug that the companies sell for an, arm and a leg. Detail how it costs about .25 a pill, then sold to the public for some obscene price. Issue to me is, thru corporatism and the companies control over Congress, the length of time it takes for med’s to be approved, it’s extremely difficult to try and compete with Big Pharma and compete with them by making generics.
Irrelevant - they need to make up the research costs, on that drug and every one that never made it to market.
It is ONLY through government interference that medical costs of all kinds are so high.
And yet you FReepers totally trust these cheating companies with vaccines for newborns. Insane logic there.