Comment on The Ignorance of the Left on Price Control | Thomas Sowell

• MapleEngineer@lemmy.world ⁨1⁩ ⁨month⁩ ago

  $16 billion per year.

  That’s not the point, though, of course. The point is that US pharmaceutical companies sell their drugs into Canada at 1/4 to 1/10 the price because they still make profit and having $100 in your pocket instead of $1,000 is better than having $0 in your pocket.

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  • jimbolauski@lemm.ee ⁨1⁩ ⁨month⁩ ago

    It is the point, Canada can rely on the US to subsidize R&D costs. The cost to manufacture does not cover all costs of a drug, or the costs of drugs which were ineffective.

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    • MapleEngineer@lemmy.world ⁨1⁩ ⁨month⁩ ago

      I’m not sure that you said what you intended to say. Do you want to revisit it before I respond?

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      • jimbolauski@lemm.ee ⁨1⁩ ⁨month⁩ ago

        The only thing I could clarify further is that the cost to research drugs later found to be ineffective has to made up in the costs of drugs that do get approved.

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