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by allenm1
860 days ago
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Comparing the prices in the US with those outside is wrong way to look at this, but it feeds the populist narrative. That discrepancy
has nothing to do with Pharma but everything to do with the fact that in other countries the only payer is government and to be on the government formulary, Pharma companies have no choice but to accept those prices. If US did the same thing, many drugs would not be economically viable. In the most fundamental sense, for example Canadians aren't paying their fair share, and Americans are picking up the slack. I work in the industry and I am not blind to the issues the industry has but it always baffles me how simplistic the conversation becomes when the subject comes up. |
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USA: 99$
Next most expensive country on that list: 21$
ETA: This is not intended to start a discussion about the price of insulin. The point is that a life-saving drug costs about 9-10x more in the USA than in countries with similar living standards, eg. countries in Europe.