Trump wants Germans to pay more for drugs so Americans will pay less

The president is under pressure to deliver on campaign promises to reduce the high costs of prescription drugs.

In his speech, the president pinned the problem in part on price controls in other countries that he said "extort unreasonably low prices" from drug-makers, forcing Americans to pay more to "subsidise the enormous costs of research and development".

"That is unacceptable," he said.

However, experts say foreign pricing is not a major influence on US costs and changing it will not help Americans.

Paul Ginsburg, a professor of health policy at USC and the director of the USC-Brookings Schaeffer Initiative for Health Policy, said firms set prices to maximise profits and already have ample incentives to innovate.

"The notion that if other countries pay more for drugs that US consumers will pay less, that's just not true," said

Senator Chuck Schumer, Democrat from New York, said the president's blueprint offered "little more than window dressing".

"The idea that asking Germany to charge their citizens more for drugs will help Americans is a cop-out and the height of absurdity that nobody believes," he said.

However, experts say foreign pricing is not a major influence on US costs and changing it will not help Americans.

Paul Ginsburg, a professor of health policy at USC and the director of the USC-Brookings Schaeffer Initiative for Health Policy, said firms set prices to maximise profits and already have ample incentives to innovate.

"The notion that if other countries pay more for drugs that US consumers will pay less, that's just not true," said

"If they are able to get other countries to pay more, I don't believe it will have any effect on prices in the United States," he added. "It will only raise drug company profits."

bbc.com/news/business-44087735

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The issue isn't the price of the drugs. The issue is that the drug companies develop in America where there's less regulations on them, and then make their main profits overseas selling them for cheap while demanding Americans recuperate the costs of the drug. It's not that more expensive drugs would make American drugs cheaper, it's about distributing the development costs over your entire clientele instead of just Americans.

>(((paul ginsberg)))
Always do the opposite of what jews say.

Phrase it in a way to make it seem like it benefits the religion of "peace" and they'll bend over backwards to make it happen.

Ban the development of drugs.

What the hell happened? He was supposed to be the master negotiator.

Jej

Americans have been subsidizing drug development for too long.

Schumer says as he rubs his hands together

Trump has the perfect solution. let the free market fix it and remove government protections for the big pharma companies.

If everyone in the article is jewish and complaining about it. It isn't about "Germany" getting the gouging profits, it's about israel.

Is screaming Jew like a knee jerk reaction for you or something?

WANT AMERICANS TO PAY MORE FOR DRUGS SO THEY WILL PAY LESS

Every single public healthcare system in the world that constantly prides itself on its superiority draws completely on medicines and technologies developed in America by private healthcare companies.

Please murrica don't stop subsidizing the rest of the worlds medical care. We like "(((free)))" medical care.

Stacked with smart immigrants. I love how the right wing wants le free market, but loses its shit when the free market worls against them. Its de joooos then!

Oh you so funny, luegenpresse-user.
Propaganda is not news.

Most European countries can afford "free" Healthcare thanks to the Defense money they save from America protecting them.

Absolute BS
Drug prices will stay just as high in US AND dRUG CORPS WILL USE INCREASED PROFITS to make rich stock holders richer.

The trickle down system is the sound of the rich pissing into your ear,user

US never does anything that isn't in it's self interest

>let the (((freemarket))) crush the american healtcare buyer
WHY WOULD SOCIALISM DO THIS

inb4 obama did this x)

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How much did you pay for your Liberal Arts degree? You should demand a refund.

How many MAGA hats you bought?

if it wasn't for the US, all of mainland europe would have been overrun by the soviets.

[citation needed]

Not seeing what all you kike shills are confused about. The single reason these socialist dreamlands can afford socialized health care is purely off the back of the US, it paying insane prices for (((medicine))).
I currently have a PRN as needed for migraines that costs ~$100 a pill. I'm on a court ordered (((mental health med))) that costs > $300 a pill.

You are not bright.

What does it stand for?

...

Hahaha and you retards thought he would stand up to big pharma

Drugs in Germany are already overpriced. It's just that (nearly) universal health insurance protects the people from the effects.

So what he's saying is price control works?

why control it?

The sliding is real lmao faggots

He is, moron. Big pharma wants Americans to pay more.


Price control in socialist countries like Germany is what created this. They price control the fuck out of imported meds, which means companies have to sell them at a loss, which means they have to overcharge in the only country that doesn't have price controls.

companies don't have to sell anything at a loss you chabad lubavitch chill, they just stay out of the market.
This whole thing just shows (((who))) really controls the US and is extremely butthurt about the Iran deal

TOP KEK

If you've ever spent time in an American hospital, and reviewed the charges for medicine and expendable medical equipment, you'll notice that the hospitals charge like 25 dollars for a box of gloves, 50 dollars per pill of pain meds, and other extravagant charges which are far above market price. You'll also notice that your insurance company negotiates this price down by about 50% (still way over market). I'm not sure why this is, but I do know that medical providers are abusing the medical insurance system. I've heard that regulations prevent providers from shopping across state or country lines for lower prices. It would seem the most rational thing to do is repeal these regulations and fully open the markets to lower the prices. There's no way your insurance company should be paying 12.50 for a 2 dollar box of gloves.

Potentially retarded neet

because the companies couldn't possibly give up any fraction of the billions they make gouging both Burgerclaps and Germanistanis…