Quote:
Originally Posted by OrangeBlossomBaby
Some of the rest of the world has no access to some of these meds at all. Other parts of the world have cheaper prices because they have fully socialized medicine, and the government negotiates the prices with the pharmaceutical companies. The industry is profitable here, because this country (the USA) chooses to allow the market to determine its own prices, AND because we rely primarily on private insurance for the general public. Even with Medicare, you have to choose which profit-making company will provide your coverage. This just isn't really the case in many other first-world countries.
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When selling drugs to consumers via medicare the drug companies set the price. Only in America would the govt allow the fox to control the henhouse.