"Trump is again proving that he lied to the American people and doesn't care about lowering costs—only what's best for himself and his ultra-rich friends."
Its almost like he’s letting Americans foot the bill so other countries can get cheap meds through government price regulation. Nice way to own the libs
Other countries get cheap medicine because their health care systems negotiate for medicine supply contracts collectively. Large numbers of buyers collectively negotiating have more buying power than individual consumers. That’s it. In both cases pharma companies are charging as much as they can given their market position. They’re not charging Americans more because other countries know how to bargain. The two aren’t connected. If they could charge others more they would, regardless of what Americans are paying.
We are in a global economy. If the medicine is produced by the same company, there is some connection there. I’m not saying its 1-1 correlated, but it is unlikely the prices are completely independent. Companies are constantly adjusting the prices of their services from location to location, and all the money ends up in the same pot at the end of the day.
Its almost like he’s letting Americans foot the bill so other countries can get cheap meds through government price regulation. Nice way to own the libs
Other countries get cheap medicine because their health care systems negotiate for medicine supply contracts collectively. Large numbers of buyers collectively negotiating have more buying power than individual consumers. That’s it. In both cases pharma companies are charging as much as they can given their market position. They’re not charging Americans more because other countries know how to bargain. The two aren’t connected. If they could charge others more they would, regardless of what Americans are paying.
I dont pay $5 for a med in my country simply because an American pays $460 for it. It doesn’t work like that.
We are in a global economy. If the medicine is produced by the same company, there is some connection there. I’m not saying its 1-1 correlated, but it is unlikely the prices are completely independent. Companies are constantly adjusting the prices of their services from location to location, and all the money ends up in the same pot at the end of the day.