Quote:<blockquote class="ipsBlockquote" data-author="flsprtsgod" data-cid="969894" data-time="1488128708">
Drugs: other countries have price caps. That's why there's so much talk about re-importing pharmaceuticals the last 10 years.
Exactly why I believe we should also negotiate pricing similar to all those other countries. I would add that the lack of patent expiration for biologics poses a huge issue down the road. 


 

Procedures: have you compared the cost of overhead expenses including the cost of malpractice insurance?

Sigh, I guess I will have to reply to Rob's post on malpractice. I was holding off because I didn't want to sound too harsh. But yes, I have looked, and from what I have seen the malpractice costs are no a main driver. Maybe I will start a different thread on malpractice and health care, as I don't want to derail too much.

 

Here's the truth about economics: someone has to pay, always. In this case it's the US who subsidizes all those other healthcare systems in one budget line or another. We pay higher prices because they are price controlled in other places. If we institute similar price controls do you know what we'll get as a result? Hint: healthcare becomes the equivalent of toilet paper in Venezuela. 
No offense, but that sounds absurd. It has nothing to do with procedure costs, and If we did place such controls, that the costs would be averaged over the other countries, or the companies would go from making record profits to decent profits, or they would go [BAD WORD REMOVED] up and their researchers would go to other companies.