fromabove
(Enthusiast)
09/24/04 12:58 PM
Re: Why We Pay So Much For Drugs - Time Magazine

Quote:

FYI:

The reason prescription drugs are cheaper in Canada is that the Canadian Government uses their size to negotiate prices with the drug companies. Just as Wal-Mart does with its suppliers: it uses its size to get the cheapest possible price, then passes the savings to the consumer.

In the US, Medicare is Satutorily forbidden to negotiate with drug companies to use its bulk buying power to get the cheapest possible prices. The drug companies spend more on marketing than they do on research and development. As well, each year the drug companies spend about as much on marketing as all the medical malpractice settlements combined.

If we had a little bit of common sense with regards to managment of medicare Granny would not have to break the law in order to eat.




You are correct Zenga, Not only do they by in bulk but most drug manufactures will sell their products to other countries far cheaper than they do to U.S. citizens. The U.S. citizens are in turn charged more to subsidize the other socialist countries. This also happens in the automobile industry as well. At least in Canada anyhow. You can save about 20% on a new automobile if you bought it in Canada rather than here. They are willing to make less profit from them only to charge us more.



Help & Contact Information | Privacy statement | Rules Free Members Area

*
UBB.threads™ 6.5
With Modifications from ThreadsDev.com by Joshua Pettit