Today 5:59 am
FOR Decades... DRUGS have been more expensive in America than ANYWHERE else on the planet ! TONS of stories about a drug that costs $1000+ a pill in America, can be bought for $1.95 in Europe, or Asia... THEN, when the drug companies were called out on it... they ALWAYS claimed it was because of "developmental costs". BUT, if that's true, then WHY were other countries ALWAYS getting the preferred rates, and Americans were ALWAYS getting SCREWED?Skans » Yesterday, 5:03 pm » wrote: ↑ So, here's my question. How is Trump's executive order actually doing this?
YOU'LL have to talk to the Pharmaceutical companies to get the entire story, BUT... you can bet it was probably a combination of:
1) American politicians in the POCKETS of the "BIG PHARMA" Drug companies !
2) European socialized healthcare making sweetheart deals ! and...
3) American leadership NOT making FAIR pricing a priority !
So, Americans have been SUBSIDIZING the REST of the WORLD relating to drug costs for decades... ALL of THAT ended YESTERDAY... because of the Executive Order that Donald Trump signed... MAKING it the policy of the Trump administration to pay EXACTLY what the LOWEST WORLDWIDE price is for the MILLIONS of drugs that are being sold... AND, THAT is a MULTI, MULTI Billion $$$ Business, where the Americans have been getting SCREWED, for probably the last 40 years !! It will save Americans (and the Federal U.S. Government) BILLIONS of $$$, because MOST of those costs have been covered by the American Medicare, and Medicaid systems!
THAT'S HOW Trump's executive order is actually doing this!