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by yummyfajitas
4055 days ago
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True, lots things in India are not available to everyone. E.g., running water, enough food, etc. This means India is poor. To make the best comparison I can think of, spine surgery cost me 0.5-3 months of a local software engineer's salary. In the US the billing error might be 0.3-2 years of an American engineer's salary. http://www.nytimes.com/2014/09/21/us/drive-by-doctoring-surp... |
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A friend who runs a biotech startup told me that most European companies developing medical devices and pharmaceuticals justify the high R&D costs and regulatory risks by targeting the high profit potential of the US market. In most non-US developed countries, they aren't allowed sell their product for as high a cost by law.