- Jul 29, 2001
- 39,398
- 19
- 81
Good story about how we in the United States pay 3X what any other western european or Japan or canada does for the same Pharmacuticals. We are basically funding all the R&D and advertising while to rest of the world gets cheap drugs. They all have price controls.
Grandma was paying $1000 a month on four percriptions to keep her going.
They also said many of these new drugs efficacy is in question when compared to old (ie generic low profit margin drugs) and American Doctors and Patients have been dupped into paying for the latest and greatest dispite this fact.
The Pharmacutical industry runs profits higher than any sector in the Fortune 500 at 20% vs. 3%.
Link
As usual this is a tough issue. Do you believe price controls will hamper futher develoment and therfore should be left to the open free market? Or does thier monoploy patent power make it so we are paying to much and they are profiteering of a nessesity for life, the drugs? Who knows but good program.
Grandma was paying $1000 a month on four percriptions to keep her going.
They also said many of these new drugs efficacy is in question when compared to old (ie generic low profit margin drugs) and American Doctors and Patients have been dupped into paying for the latest and greatest dispite this fact.
The Pharmacutical industry runs profits higher than any sector in the Fortune 500 at 20% vs. 3%.
Link
As usual this is a tough issue. Do you believe price controls will hamper futher develoment and therfore should be left to the open free market? Or does thier monoploy patent power make it so we are paying to much and they are profiteering of a nessesity for life, the drugs? Who knows but good program.