you also need to cover the cost of the 100 drugs that failed at various stages of the pipeline.
Not saying that it's not a screwed up industry, but stories like these distort the problem as well
Not saying that it's not a screwed up industry, but stories like these distort the problem as well
If we split the profits across all of the people that "deserve reimbursement" you usually end up with a few dollars per person. Definitely, not enough to make a meaningful impact.
Additionally, the American consumer subsidizes R&D and costs for the rest of the world. America routinely pays 5x-20x more for drugs than other countries and American grants account for >50% of worldwide medical research funding (caveat: the last time I checked). Yup, even Europe is a fraction of what America pays.
I would encourage you to actually do the math and decide for yourself rather than taking (or anyone else's) word for it.