/biz/ - Business & Finance

>>28952770
We literally pay for Europe's healthcare by spending billions developing drugs that we give to Europe for free while they dump their own medicinal products like insulin (an 86% European market share0 at five times the cost they sell to themselves

Companies in the US spend billions to develop a new drug because of FDA controls only for Europe to reap the rewards of its application. It's completely unsustainable and it's been going on for decades now.

>>21800193
(context)

>>14340135
These schools' Deans of Admissions know that there are tens of millions of grugs wandering around with tens of thousands of dollars of what they believe to be free money in their pocket and they set their own prices accordingly.

>healthcare

The FDA increased the inflation-adjusted cost of approving a new drug from 400 million in the mid to late 1900s to 2+ billion today. The work Big Pharma has done is a major reason life expectancy across the globe is rising quickly. US firms are responsible for 60-70 percent of new pharmaceutical treatments and cures, Europe and Asia OTOH are responsible for much less despite a larger combined economy-and without the U.S. market to exploit in the manner they do they would not make enough money to develop the ones that they do currently. Rich countries paying less so that we have to pay more in order to continue to see progress.

Big Pharma isn't responsible for our obesity epidemic nor the fact we have fewer doctors per capita than most other developed countries (I'm sure having an english illiterate underclass flooding through by the tens of millions through our southern border for 50 years hasn't helped in that regard) but the doctors we do have, 80% or so I believe, are "specialists" who perform very specific, complex treatments at higher cost.

Europe has its balls taxed off despite a healthy, childless population, basically no military and can only say that "college" is worth the cost because they have the ludicrous and artificial bubble present in the U.S. to point to in comparison without considering the ramifications of their own apparatus. "It's okay that the government takes $25,000 EUR from me a year because I received a FREE* bachelor's degree 30 years ago!"

The European system is extremely rapacious considering what little it truly provides and it would absolutely NOT survive the unfavorable market conditions the United States' kike politicians subjected it to at even 15% strength.

>>13807244
The burden of nearly all drug research and development for new treatments and drugs is placed either on the American consumer, American companies or both. American companies are responsible for the great plurality of new drugs, and what drugs European companies produce can only be paid for by selling back into the U.S.

Here's a pre-bad orange man article from 2012 that explains this phenomenon well with a title and premise that didn't age well.

https://www.forbes.com/sites/paulroderickgregory/2012/07/01/obama-care-will-end-drug-advances-and-europes-free-ride-unless-china-steps-in/

>>13562971
Europe opting out of the development of new prescription drugs and treatments, instead lying in wait while the US picks up the slack and the tab (60% of NME originate in the US), while European companies dump legacy medicinal products like insulin on American consumers for hundreds of dollars they sell the same shit to their own people for pocket change, while Belgium threatens to break the IP of any American company that sells its drugs at greater than "at cost" prices in the EU. Americans pay more so that the world can pay less. Domestic policy is also a factor: Phase 3 trials for pharmaceutical drugs in the U.S. went from costing $400 million when adjusted for inflation to over 2 billion today.

>>13525206
this lmao, I still remember the butthurt it caused that kang Obama "wasn't able to do anything" during his lengthy term besides pass a shitty healthcare bill that did nothing to address the catalysts that had led us to where we are today with regards to healthcare spending and amounted to nothing more than kicking the can down the road.

>free healthcare

We need to figure out why healthcare is so expensive here to begin with before we start talking about literally subsidizing the people that have made it so expensive.

>we are fat as fuck and everybody knows it
>we have one of the lower populations of physicians per capita in the developed world

Also, and this is a big one:

Americans literally fund medical innovation throughout the entire world, however Europe and many of our other supposed allies threaten to break our companies' (that spend roughly $2.7 billion dollars in the development of each successful drug due to FDA regulations) intellectual property unless they sell the drugs essentially at cost. The companies are then forced to recoup their losses by maximizing their prices on Americans specifically.