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Fit-Signature8414 t1_izwebm2 wrote

I can’t believe how much money they make from sales in the USA. How is this possible?

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jwill602 t1_izwf1z5 wrote

Us doesn’t regulate drug prices

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kirlandwater t1_j00k0jd wrote

We effectively pay for every other country to have low drug prices. They make up the revenue loss by charging Americans more

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QuizardNr7 t1_j00ormx wrote

Side effect I would say. In a completely free market the price of life saving insulin is just very high. And regulation seems to prevent effective cost competition. Newly developed drugs might see less investment if the US market weren't so juicy, I would give you that.

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kirlandwater t1_j00p1jn wrote

> in a completely free market the price of life saving insulin is just very high

But that’s not entirely true. Yes it’s needed to live, but so is water. And water isn’t exorbitantly expensive. Insulin is VERY cheap to make and because lawmakers aren’t willing to combat evergreen-ing patents, competition simply all but isn’t allowed. If they’d allow generics to come to market, the price would plummet.

In a completely free market we’d have a race to the bottom.

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GherkinEnthusiast t1_izwf37v wrote

They charge what the market will pay

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quadrangle3136 t1_izwfksh wrote

The perverted US health system encourages it.

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[deleted] t1_izwvndd wrote

I once compared the prices of medication I regularly use, in the US and in my country. Still can't stop thinking of how bizarre the difference is. For some drugs I would have to pay up to 100 times more in the US. And it's the same brand name, not a generic drug. Like what kind of added value can medication acquire to justify this unthinkable price difference.

How can such healthcare system even exist lol. It's like the whole population of the USA are constantly exploited by the insurance companies which thrive on the unjustifiably overpriced cost of medical services and drugs.

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szakee t1_izwg2o1 wrote

americans eat pills like candy.

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Xdsin t1_izygtv7 wrote

One of the benefits of a single payer system like Canada or UK is that you are one buying entity that has more bargaining power over drug companies. You can regulate drug prices.

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