[Drago]

Like I mentioned on the other thread about this topic...

http://www.freerepublic.com/focus/f-news/3868142/posts

After recouping their substantial development costs in the US (months/years), the drug companies agree to sell to socialized medicine countries at near production cost. This will result in higher drug prices for people not on Medicare and stifle new drug development. Not a great (socialist) idea.

Despite what you may think about pharmaceutical companies their average net profit margin is 18%...similar to I.T. companies, computer/chip makers, restaurants (not lately, hammered by COVID) and gold/silver mining companies. For “Biotech” drugs (Humira, Remicade, etc.) the news is even worse, a net 0.84% average LOSS for the industry.

If you want to go after companies that are really ripping off the consumer, look at banks/financial (ave. 30% net profit) or railroads at 26.24% net profit.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html

[familyop]

"After recouping their substantial development costs in the US (months/years), the drug companies agree to sell to socialized medicine countries at near production cost. This will result in higher drug prices for people not on Medicare..."

True. Thank you for your support for the President's executive orders to stop the drug companies from creating monopolies and extorting vulnerable Americans. :)

[familyop]

The drug companies should get out of bed with socialist nations, where they also use foreign labor to manufacture the drugs.