this post was submitted on 03 Oct 2025
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I hate to say it, but indirectly he is kind of right, but also not.
Pharma companies make a ton of profit in the US thanks to the outrageous prices they can charge, which however is absolutely by choice of the US government, so the government calling it out is ridiculous in the first place, but I digress.
So pharma companies make ton of profit in US but charge lower prices almost everywhere else. Those prices are not cheaper than they should be, they are just realistic. But we all know what will happen if the US now insists prices need to go lower in their market.
This will lead to less profits of those companies, in a sector where everyone ia so fixated on eternal growth and infinite profit increases over time, i.e. capitalism. So what can they do to prevent their lines in graphs going down? Jacking up prices everywhere else just enough to balance it out again.
And it will look like that this means everyone had lower prices because of the US while all it actually is, is pharma companies clutching to keep their profits stable.
Not really. Pharma doesn’t lower prices elsewhere because the US market is basically an all-you-can-earn bonanza. Prices elsewhere are lower because there prices are heavily regulated. They can’t just charge what they want there, nor can they just jack up prices whenever they feel like it
The US healthcare system is just laughable.
That's not what I wrote. I said they charger lower prices everywhere else but those are the realistic prices, you've said it a bit better though calling them heavily regulated. I didn't say they lowered their prices everywhere except the US. The US prices are not the standard to take for other countries. But once they lose that part of the revenue, the companies have to look now where to recover that money, easiest will be to raise prices across all other countries (if they can).