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Donkees

(31,074 posts)
Tue Mar 23, 2021, 10:12 AM Mar 2021

LIVE: Why Do Americans Pay The Highest Prices In The World For Prescription Drugs?

Last edited Tue Mar 23, 2021, 07:08 PM - Edit history (1)



LIVE: I’m holding a Senate hearing on why Americans pay the highest prices in the world for prescription drugs. The time is NOW for Congress to stand up to the greed of the pharmaceutical industry.


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LIVE: Why Do Americans Pay The Highest Prices In The World For Prescription Drugs? (Original Post) Donkees Mar 2021 OP
Is this really true? I'm not going to watch the video but if true I'm sure it goes deeper than.... George II Mar 2021 #1
FDA Oversight is Paid By Our Taxes McKim Mar 2021 #2
Most drugs are developed in the United States under the oversight of the FDA. Look at the four.... George II Mar 2021 #3
UNLOCKING Omaha Steve Mar 2021 #4

George II

(67,782 posts)
1. Is this really true? I'm not going to watch the video but if true I'm sure it goes deeper than....
Tue Mar 23, 2021, 10:22 AM
Mar 2021

....merely "greed of the pharmaceutical industry". One of the biggest factors could be the oversight of the FDA to make sure drugs are made under safe conditions, tested properly, and handled properly. No other country has an agency like our FDA, and I'm sure the vast majority of Americans don't want that to go away.

McKim

(2,412 posts)
2. FDA Oversight is Paid By Our Taxes
Tue Mar 23, 2021, 10:54 AM
Mar 2021

FDA oversight is paid for by our tax dollars. This has nothing to do with drug company pricing.
I had an infection while traveling in Spain. My Dr. visit and tests cost $40 and the antibiotics for 10 days cost .89. And that was the charge for being outside their public health system. Somebody is making a killing with these drug prices.

George II

(67,782 posts)
3. Most drugs are developed in the United States under the oversight of the FDA. Look at the four....
Tue Mar 23, 2021, 11:50 AM
Mar 2021

....vaccines.

Three were developed in the US, one was developed in Europe. Only one has now been found to have possibly dangerous side effects.

FDA doesn't develop drugs, they oversee the development and testing and manufacture of drugs. It's not the cost of the FDA itself, it's the extra safeguards imposed by the FDA that increase the cost of drugs.

It's not simply "this drug costs $X in the US and $Y outside the country".

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