TrumpRx
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It would a net loss, but not visible to your average voter who would see the benefits today and the costs in the future.
The US largely pays for drug development. The rest of the world largely pays marginal production cost +.
That’s an unsustainable imbalance. But like most large international imbalances it can’t be fixed overnight and trying to do so will break shit.
In this case the what will break is drug development. Especially for rare diseases. Unless they exempt them.
We do need to fix it but that would take time and patience plus negotiating with
our alliesother first world countries. Things that are not particularly Trump’s strong suits.The US largely pays for drug development. The rest of the world largely pays marginal production cost +.
That’s an unsustainable imbalance. But like most large international imbalances it can’t be fixed overnight and trying to do so will break shit.
Please provide reasoning for this? I don’t see where lowering US prices and raising other countries prices to some semblance of equilibrium would break shit. And I don’t think there would be too much consternation over poor nations and third world countries getting favorable prices, but when Germany’s prices are 1/3 the price of the US? Canada’s are 1/4?
In this case the what will break is drug development. Especially for rare diseases. Unless they exempt them.
Why? Drop US prices 50%, and raise the rest of the developed world’s rates 100%. Their prices would still be less than the US, and the US purchasers would still get some relief as well.
We do need to fix it but that would take time and patience plus negotiating with
our alliesother first world countries. Things that are not particularly Trump’s strong suits.That’s a cop out answer. Like saying getting NATO nations to actually carry their promised weight would take patience and diplomacy, not Trump’s suits… Turns out that threatening to kick down the house of cards worked pretty well there.
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It’s arithmetically possible but politically not so much.
How many countries are willing to find a percent or two of gdp in short order to lower prices for Trump? Drug companies have to negotiate with them on individual drugs. It takes ages when new drugs come out. At least for the pricey ones.
