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by throwaway2016a
3111 days ago
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Correct, if you were to go purely by the wages, the pill should cost $4 in the US not $400. It is still high, I was just pointing out that there are market differences. And to expand on that, the illness the drug in question is more common in Tanzania (per the article) so I can only presume the drug company can sell an order of magnitude more and might actually be making almost as much profit in aggregate on that $0.04 as they do the $400 here. |
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> Why are prices so different in the U.S.?
> "In other countries, there are price control methods. The government steps in to ensure drug prices do not increase by a certain amount," Alpern says. "There are no price control mechanisms in the U.S."
> Between 2011 and 2016, mebendazole's price jumped more than 8,000 percent, from $4.50 to $369.
So it was indeed $4.5 in the U.S. - until the company decided to get greedy.