101078Re: Obama and the 'Drug Killer'
- Nov 1, 2008Bryon Daly <lintman@...>
> So the claim here is that Americans are almost solely subsidizing the drugThat is an odd way to phrase it. I would have paraphrased part of the article as,
> development costs for the entire rest of the world?
"Americans are subsidizing drug development costs for other countries." With
subsidize being used in the sense of "to aid or promote".
> And by posting this, INo, in an ideal world I would like to see everyone move towards a more
> assume you think this should remain status quo?
> And yet the drug companies still sell those under priced drugs in thoseDrug development is an industry with high fixed costs. Once those fixed,
> countries? Can't they just not sell them there if a fair price isn't met?
or sunk, costs have been committed, the drugs are sold for the price that
the market will bear. According to the expert who wrote the article, the
more socialized markets settle on a lower price than the less socialized
markets. If all markets were socialized, then all the prices would be lower.
Then companies would not be able to justify committing the fixed costs
on future development of some drugs, and some drugs would not be
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