Eloy
Gold Member
Pharmaceutical companies are permitted to operate the free market principle of supply and demand and treat people as customers in the USA. Corporations are able to put up the price of drugs by thousands of percent in America and those who have an illness either pay-up or die. "Using the playbook of Mylan, Turing and well, their own company, Valeant Pharmaceuticals has hiked the price of yet another life-saving treatment to astronomical values. This time, it's calcium EDTA, a lead poisoning treatment that cost US hospitals and poison control centers about $500 for a packet of six ampules (6 grams) before 2012, when Valeant acquired the drug. Poison control experts now say that US centers pay about $5000 per gram for the drug, compared to $15 per gram for Canadians purchasing from a French company, a 33,300% difference. In a 6-year period, these experts also say, Valeant increased the US price of the drug by as much as 7200%."
MDs Say US Costs For Valeant's Lead Poisoning Drug Are 33,000% More Than Canada's
Why do Americans pay so much more than countries which have socialized medicine? Let's say it is because Americans allow companies to take advantage of themselves because they believe in freedom, or business, or maybe they think they are the same thing.
You might think that by comparison with other advanced countries which all have socialized medicine, America's higher expenditure must mean Americans live linger but this ain't so. For about half the expenditure, other advanced economies have populations which are much longer living.
The citizens of the European Union and other advanced economies live longer for half the cost.
MDs Say US Costs For Valeant's Lead Poisoning Drug Are 33,000% More Than Canada's
Why do Americans pay so much more than countries which have socialized medicine? Let's say it is because Americans allow companies to take advantage of themselves because they believe in freedom, or business, or maybe they think they are the same thing.
You might think that by comparison with other advanced countries which all have socialized medicine, America's higher expenditure must mean Americans live linger but this ain't so. For about half the expenditure, other advanced economies have populations which are much longer living.
The citizens of the European Union and other advanced economies live longer for half the cost.
