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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » The Inhumanity of US drug... » Reply #4

Response to PumpkinAle (Original post)

Sat Sep 26, 2015, 01:28 AM

4. Nexium is now OTC

which means it's now cheaper than dirt, but the prices on the rest of those drugs are pretty accurate.

What happens in countries with socialized medicine is that drug companies bid against each other to supply the health system with their drugs. That plus a subsidy keeps patient prices, in places where patients pay any, very low.

Drug companies have been ripping us off for a very long time because they are not asked to submit bids to anyone but a few of the largest insurance companies, and to Walmart and Costco.

It's going to get worse, too, as hedge fund guys start to buy up patents because their 0.1% clients are demanding returns they can no longer generate from rigging the market with HFT.

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