Everybody is entitled to a fair profit when they develop and market a product. The problem is determining what is fair.
The cost of producing a drug once developed and approved is relatively minor generally, which is why generics are so much cheaper.
It's the cost of developing drugs both the successful ones and the unsuccessful ones that drives up pricing of brand name drugs generally.
I don't know the percentage of successful to unsuccessful drug development efforts, but its not 100%, so the drugs that get to market have to pay for the total cost of research.
Of course in addition the drug companies themselves want to make a profit for their shareholders.
Its also true that because of patent laws, the window to make these profits is limited.
Like many other things, the dontard talked about how he was going to fix the problem of drug pricing during his campaign.
What he did yesterday, fixed our current pricing for the immediate future.
Not sure that's what his listeners expected but his main ideas are more competition and to make those socialist Europeans pay more so we can pay less.
Yeah, like the Mexicans are paying for a wall.
The competition is restricted by patent law which he can't change, but I'm convinced he thinks that people never considered it before.
I know its a lot more complex than he realized.
Everything is.
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