I think Ozempic cost somewhere around $3 billion to research and develop. What’s the steel man argument for how we could charge the same for the drug in America, and fund future research with the proceeds? I don’t want to be paying $800/mo for my drugs, but if the alternative is that everyone is paying $5/mo and there’s no hope of recouping the R&D costs, then we just won’t get biomedical breakthroughs like this at all.
I think it’s easy to look at places in Europe that get drugs virtually for free, and want to be like that, but the US despite being 1/20 of the world’s population, funds something like 80% of the biomedical industry, due to our lack of price controls.
There’s so many areas of medicine where we don’t see progress because the ROI just isn’t worth it. Do we want to risk making all medicine like that?
I think it’s easy to look at places in Europe that get drugs virtually for free, and want to be like that, but the US despite being 1/20 of the world’s population, funds something like 80% of the biomedical industry, due to our lack of price controls.
There’s so many areas of medicine where we don’t see progress because the ROI just isn’t worth it. Do we want to risk making all medicine like that?