Posted on 11/09/2009 11:04:51 PM PST by Lorianne
Left un-addressed (intentionally, by the device and drug lobbies) are the reasons we spend so much on health care in this country. Put simply, America pays for the development of every advanced treatment in the world and has for the last 30 years, yet every other nation's citizens get to enjoy those advancements for free.
That's right. The Pharmaceutical and Device industry has managed to get legislation enacted prohibiting the re-importation of devices or drugs sold overseas. These overseas markets demand price controls on the drugs and devices sold there, and get it. We, on the other hand, have a "price at what the market will bear" system.
The result is that the heart stent that is used in Canada costs a tiny fraction of what the same stent costs in The United States even though they are made by the same company.
The fact of the matter is that if the world is to benefit from the innovation of US companies they should pay the same price as everyone else does - including the United States. The solution to this sort of improper and outrageous forced subsidy by the American Consumer and Taxpayer is to remove the laws that bar importation of lawfully-produced and properly-labeled drugs and devices -
But fixing this distortion - one that costs Americans hundreds of billions of dollars annually - means removing a "special law" that is used by drug and device companies to screw Americans out of that money, and serves to force medical spending to the moon - all for the profit of a few oligarchs in the medical industry.
(Excerpt) Read more at market-ticker.org ...
L, thanks for posting. Right on Karl, this issue needs more exposure....let the parasitic Socialized HC countries pay their own freight!
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