re: The room fell silent when Trump revealed why Americans pay 10X more for drugs than Europe

The inflated costs for Americans are partly due to the cost fixing abroad and more heavily by massive inflation in healthcare costs for development and research.

The system basically is built to use US tax payer money to fund the fundamental/new research at a massive expense. Costs at the university and vendor levels are massively inflated.

Pharma companies then license or bu the technology rights outright from the research centers/institutions and run them through ridiculously expensive clinical trials.

Hospitals, Doctors and staff participating in those trials are ridiculously overpaid and in turn that cost is passed onto the consumer.

Add in that most drugs.therapies that go through trials cost a billion dollars each to get through testing with only 1 in 10 approved and you get $10 Billion per success drug just to get it legal to sell. Then add in bribing …. Errrr I mean … sales reps, marketing, and lobbying to get it out there and that number grows more.

While stopping other countries from using Americans to cover their cost fixing is part of the issue, another is getting these inflated costs down.

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They said they needed the extra funds because of the massive cost of developing a new drug, research and development cost etc etc but like everything they say it’s a complete fricking lie.

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Partially true. They take on the burden costs for manufacturing développement and clinical trials. That is still massive but you are right that academia funded by government develops most new therapies.

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Foreign markets are mostly public and can only pay so much for meds with their national healthcare/insurance systems.

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How is this different than Medicare/Medicaid?

We are broke. No more paying more so some liberal shithead in France can pay less.

There is a bill, The Fair Prescription Drug Prices for Americans Act, introduced back in May that would address a lot of this. I don't think it has seen much movement.

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academia funded by government develops most new therapies

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This statement is false. Academia generally identifies viable drug targets, but the cost and execution of IND enabling experiments, ADME, tox, formulation and clinical trials are borne by Pharma.

When a drug is priced, that's all in there...along with the anticipated costs of litigation since every drug maker is sued by someone who takes their drug.

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Record profits in the medical industry.

We already have prices being controlled by the Medical Insurance companies.

We already have Hospitals price gouging customers (e.g. charging $50 for Advil).

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The obvious answer is more competition and less monopolistic business practices.

Going full Bernie Sanders means you'll end up with shortages

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Is this another situation where you act like you don't understand what Trump is doing

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I know exactly what he's doing, you just dont like hearing it called what it is.

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You have shown, repeatedly, from the day Trump was elected, that you truly have no idea what he is doing.

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And we've seen repeatedly since the day he was elected that you will support every left wing because he becomes infatuated with.

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And we've seen repeatedly since the day he was elected that you will support every left wing because he becomes infatuated with.

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Subsidizing socialized medicine in other countries by allowing them to implement price controls without a response is not "free market," you absolute moron. Implementing policies to address that issue is not "left wing."

ETA: This is actually a problem many on this board have been pointing out for years as something Obamacare could have ACTUALLY fixed as opposed to simply creating more problems by addressing an insurance system that was not broken.