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The Water Cooler
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China threatens to cut off meds
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<blockquote data-quote="RickN" data-source="post: 3336358" data-attributes="member: 8854"><p>Yes and no. Some of our high drug prices are from profits, a lot is because our government makes it to costly to manufacture here (Trump is trying to change that) and some is because we pay more to even out what socialized medicine in other countries refuses to pay. Plus they get a patent for 7 years but it averages 10 years from the time a drug is discovered until it can be sold. Average cost to develop a new drug is $2.6 billion.</p><p></p><p>In other words, we need to overhaul the whole system with fair, streamlined regulations, making other countries pay the same prices or do without, and tort reform so that if someone gets a hangnail they can not get hundreds of millions from the drug company.</p></blockquote><p></p>
[QUOTE="RickN, post: 3336358, member: 8854"] Yes and no. Some of our high drug prices are from profits, a lot is because our government makes it to costly to manufacture here (Trump is trying to change that) and some is because we pay more to even out what socialized medicine in other countries refuses to pay. Plus they get a patent for 7 years but it averages 10 years from the time a drug is discovered until it can be sold. Average cost to develop a new drug is $2.6 billion. In other words, we need to overhaul the whole system with fair, streamlined regulations, making other countries pay the same prices or do without, and tort reform so that if someone gets a hangnail they can not get hundreds of millions from the drug company. [/QUOTE]
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