“Well, let the world governments negotiate prices, and then demand the same price here. Who cares if their pharmaceutical costs go up a little bit? (just as long as ours go down)”
I’m just “dying”, so to speak, to find out how Trump will “negotiate” with drug companies. Here’s how other countries negotiate: charge something reasonable or we will make it ourselves. And I’m sick and tired (again, so to speak) about hearing how that will stifle research and innovation. Competition and price pressure doesn’t seem to bother every other business in a capitalistic economy - and the profligate spending by medical companies on everything BUT research and development is the stuff of legends - ask any 500$+/night resort, 200$+/plate restaurant, and any “quality” strip bar.
Well, he could eliminate the corporate tax and create other initiatives to encourage innovation and development.
I agree that the rest of the world resorts to extortion to drive down their own presription medicine costs. The end result is that American taxpayers end up paying the entire development costs for most new drugs through excessively high prices. The only way around that looks like streamlining the government regulatory bottleneck. What are the prospects of that happening once Schmuckie Schumer starts crowing about sacrificing the lives of America’s children to benefit the conglomerate drug companies?