Quoted: It does not take a genius to see that a massive portion of those profits are not going into R&D, but rather executives bloated pockets and paying off politicians. They are likely the most powerful consortium in history, far eclipsing the oil industry. They are an incredibly dnagerous conflict of interest at work.
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And if we didn't have people *GASP* making a profit (I know that may sound evil to you), there would be no incentive to develop the medications that are saving and improving lives.
Sorry, you're picking and chosing lefty talking points and ignoring the reality.
Canada is having problems because their "cheap drugs" are being bought out by americans. R&D can not be sustained on capped prices. You have to pick one or the other.
And YOU are subsidizing the cheap canadian drugs. They have to make it up somewhere. It's not a noble experiment. It's a mess that causes higher prices here.
And you're half right about the problem being with the government - but it's a problem with the overly complex and idiotic approval process for drugs. And the failure of congress to enact tort reform.
You want cheaper drugs?
1. Simplify the approval process (and speed it up)
2. Tort reform so ambulance chasers can't make BILLIONS off of statistically insignificant data variations.
3. All drugs everywhere are at market prices- not capped.
4. Get rid of 3rd party payment for drugs (and medical care as well) - that is one of the most significant factors in the cost of medical care. It's like having government / employer provided cars- people are always going to spend more than they otherwise would when someone else is paying the bill.
But bitching about how evil corporations are acting all "corporationy" and making profits will only leave you with less innovation and more people dying. Cause and effect doesn't not cease to function just because people "really need medical care".