Why do drugs cost so much in America

Why do drugs cost so much in America

Why Do Drugs Cost So Much In America?

A look at why drugs cost so much in America, and why US citizens pay at least twice as much as people in other countries including Canada and Europe.

Why Do Drugs Cost So Much In America?

Donald Trump gave a speech last week addressing the high price of pharmaceuticals in the United States. Trump’s critics say his explanation for drugs cost was off the mark. According to Thomas J. Bollyky, a former United States Trade negotiator, the president’s speech was an improper diagnosis on why drug costs are so high in the United States.

For the most part, the prices of products in Europe and in the United States have a similar price tag. But, Americans are paying around double the amount that everyone else is.

For that reason, a lot of Americans are pissed about it. It’s become a customary thing for patients to drive to Mexico or Canada to pick up drug prescriptions.

Donald Trump Doesn't Know Why Drugs Cost

According to the New York Times, Trump blamed other countries for the high costs in the United States. He said Americans “are paying too much because other countries pay too little,” as if the average US citizen is basically subsidizing the right for other people around the world to pay half of the price.

And his intention is to get other countries to raise their drug prices: a supposedly incorrect diagnosis.

The typical Republican or conservative explanation of the prices for a product is that in a free market the prices of an item reflect its true value. And while that may be the right answer in a lot of cases, it isn’t here.

The Real Reason Why Drugs Cost So Much

Patents and grants exist in the United States, which enable the manufacturers of drugs to exclude other competitors, that way they dominate the market and can charge super high prices. The reasoning for this is that they can pay back what it cost for the research and development process.

The real reason for high prices in the United States is a result of companies dominating the market. Essentially, they have the ability to strong-arm other competitors out of the game, so they can charge whatever they want.

It’s similar to the way the three big phone companies in Canada control the market. In Canada, they have Rogers, Telus, and Bell, and these three companies dominate the market and exclude all other competitors, ensuring that they control how much we pay.

Some like to claim that Americans pay so much for their drugs because they’re lacking a central organization that negotiates prices for products sold in bulk.

However, other nations throughout the world lack a central organization as well and don’t pay as much.

Where the United States is unique, is that these big companies have very strong drug patents and protections which stop public and private organizations from introducing new drugs at a lower cost. They dominate the industry.

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  121. What’s up?

    I found this article very interesting…please read!

    Do you remember the blockbuster hit film The Matrix that was released in 1999? You may not know this, but it has deep spiritual implications concerning the times we are living in and Bible prophecy.

    It tells a story of how these “agents” are trying to turn us into machines. We are closer then ever before for this to become a reality when they cause us to receive an implantable microchip in our body during a time when physical money will be no more.

    You may have seen on NBC news concerning the implantable RFID microchip that some people are getting put in their hand to make purchases, but did you know this microchip matches perfectly with prophecy in the Bible?

    “He (the false prophet who deceives many by his miracles) causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name…

    You also may have heard of the legendary number “666” that people have been speculating for possibly thousands of years on what it actually means. This article shares something I haven’t seen before, and I don’t think there could be any better explanation for what it means to calculate 666. This is no hoax. Very fascinating stuff!

    …Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666″ (Revelation 13:16-18 NKJV).

    To see all the details showing why the Bible foretold of all these things, check out this article!

    Article: http://1.voicetruth.org

    GOD is sending out His end time warning:

    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

    Seek Jesus while He may be found…God bless!

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  123. I’m amazed, I have to admit. Seldom do I come across a blog that’s both equally educative and amusing, and without a doubt, you’ve hit the nail on the head. The problem is something too few men and women are speaking intelligently about. I am very happy I stumbled across this in my search for something regarding this.

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  126. What’s up?

    I found this article very interesting…please read!

    Do you remember the blockbuster hit film The Matrix that was released in 1999? You may not know this, but it has deep spiritual implications concerning the times we are living in and Bible prophecy.

    It tells a story of how these “agents” are trying to turn us into machines. We are closer then ever before for this to become a reality when they cause us to receive an implantable microchip in our body during a time when physical money will be no more.

    You may have seen on NBC news concerning the implantable RFID microchip that some people are getting put in their hand to make purchases, but did you know this microchip matches perfectly with prophecy in the Bible?

    “He (the false prophet who deceives many by his miracles) causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name…

    You also may have heard of the legendary number “666” that people have been speculating for possibly thousands of years on what it actually means. This article shares something I haven’t seen before, and I don’t think there could be any better explanation for what it means to calculate 666. This is no hoax. Very fascinating stuff!

    …Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666″ (Revelation 13:16-18 NKJV).

    To see all the details showing why the Bible foretold of all these things, check out this article!

    Article: http://1.voicetruth.org

    GOD is sending out His end time warning:

    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

    Seek Jesus while He may be found…God bless!

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  135. After I originally left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I get 4 emails with the exact same comment. Is there a way you are able to remove me from that service? Thanks a lot!

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