top | item 46929133

(no title)

selectively | 23 days ago

That's nice. The rest of the world has price caps on what these companies can charge for drugs.

It's one or the other. You can have your ''patents'' and ''intellectual property'' respected...but that requires you not charge an outrageously higher price in certain markets, like the US.

discuss

order

pfdietz|23 days ago

The rest of the world is free riding.

The solution is a law preventing drug firms from pricing in the US higher than (some small multiple of) what it charges anyone else in the world.

Closi|23 days ago

> The rest of the world is free riding.

The rest of the world isn't free riding - the USA has just setup a market where there is very little bargaining power for consumers because of how the US medical market and insurance works.

Novo and Eli are still making plenty of money in Europe where these drugs cost a fraction of the price, and where there aren't other significant suppliers for GLP-1's like is being implied.

johanvts|23 days ago

Somebody has to pay for the drugs development, the poor can't pay, if the rich (US) won't pay, there simply won't be any drug.

SilverElfin|23 days ago

Nah modern mega corps are free riding on all our backs. They use the power of the state and frivolous mechanisms like the broken patent system to create monopolistic situations for themselves.

direwolf20|23 days ago

Remind me from whenceforth come Bayer, Novo Nordisk, Moderna?

selectively|23 days ago

Nope.

That would require those same companies from not abusing our political process to obtain illegal political outcomes - outcomes that are unconstitutional - like Citizens United, which led to PHrMA dumping unimaginable money into bad faith political advertising/lobbying.

Until or unless they stop being bad actors, everyone should pirate their stuff. Free Luigi.

johanvts|23 days ago

What percentage of global rich, obese people live in the US? This is the main market and the product would not exist if it could not command a high profit here. Besides that, I think the US prices are so high due to the insane medical insurance structure, not because the drug companies really make much more than in other countries.