Well this article might be right to some degree and maybe not.
In Europe you still have to get your drugs approved in every single country. That means a much smaller market per approval process. In the US you get a market of more than 300.000 people with a single approval process. Since each approval costs money, independently of the size of the country, it makes sense to approve products in the bigger market first.
Heck, we do medical imaging software and do the very same. And we are not limited by any government pricing or something.
Healthcare & rationing
I already addressed the special assessment loophole. At best this means you might be paying U.S. prices for ~10% of your drugs, but I doubt even that's true. Most likely you are still only paying the Euro price-controlled standard, even for those.
And so we agree you are free riders.
So basically you admit you have price controls based on the Euro standard. So much for your ridiculous claim you pay the same we do.The fact that it must not exceed that of other EU- countries is a matter of self protection for Austria.
And so we agree you are free riders.
We have basically NO price controls at all here. When you invent something, you are SUPPOSED to have a monopoly on it. This encourages people to invent things.Austria is a small country and pharmaceutical companies that have a monopoly on a product could try to negociate prices up since Austria is such a small market.
Nope, just by the EMEA. THat's why it's there.In Europe you still have to get your drugs approved in every single country
Nope, the EU is a bigger market. It's just less profitable because they're all free riders.That means a much smaller market per approval process.
http://en.wikipedia.org/wiki/European_Medicines_Agency
The majority of existing medicines throughout the European Union's member states remain authorised nationally, but the majority of genuinely novel medicines are authorised through the EMEA
Not to my satisfaction. Since 60% of available drugs are on the list, 40% are not. Not 10% like you are saying.I already addressed the special assessment loophole. At best this means you might be paying U.S. prices for ~10% of your drugs, but I doubt even that's true. Most likely you are still only paying the Euro price-controlled standard, even for those.
The majority of existing medicines throughout the European Union's member states remain authorised nationally
You aren't getting those 40% at the same rate, though. They have to come through the special assessment loophole -- and you have penalties for doctors who prescribe more than average. 10% is generous; I'd bet it's more like 5%. And I doubt you're paying full price for those anyway.Not to my satisfaction. Since 60% of available drugs are on the list, 40% are not. Not 10% like you are saying.
Even with the most optimistic assumptions on your part, you're free riding on 60%.
FFS, we're talking about approval of NEW DRUGS, not existing medicines. That goes through EMEA, which serves a larger market than the U.S.The majority of existing medicines throughout the European Union's member states remain authorised nationally
Drug makers pefer our market because it has far fewer free riders.
No, we have facts. That's the difference between delusion and reality.Skipjack wrote:You are delusional with a superiority complex.
But of course, part of being delusional is thinking others are delusional. Thus you ignore the facts in favor of your delusion that you are not a country of parasites free riding on American free markets.
I don't blame you, it can be difficult to face harsh reality. Maybe some cheap prescription drugs can ease your pain.
Your so called facts are simply the personal opinions of biased people. I dont see any real facts here.
I also want to point out that the US has long been parasiting on the other countries. Only once your parasiting gave you the economic advantage, you started to turn things arround and whine about everybody else parasiting on you. To give you and example: Copyrights.
I also want to point out that the US has long been parasiting on the other countries. Only once your parasiting gave you the economic advantage, you started to turn things arround and whine about everybody else parasiting on you. To give you and example: Copyrights.
Skipjack wrote:Your so called facts are simply the personal opinions of biased people. I dont see any real facts here.
No, price controls are a fact. Your inability to even recognize facts is practically pathological.
It's fine to be proud of Austria. It has many wonderful accomplishments. But facts are facts.
The Berne Convention? Shrug. Maybe 100 years ago that was relevant. We had Buenos Aires and UCC anyway. Anyways we're all under WTO now.I also want to point out that the US has long been parasiting on the other countries. Only once your parasiting gave you the economic advantage, you started to turn things arround and whine about everybody else parasiting on you. To give you and example: Copyrights.
Besides, my point isn't to complain about Euros free riding on our medical treatment, or our defense, or our trade policies in general. Those may be awkward, even painful realities for you guys, but we barely notice them because we're so much wealthier anyway due the fact free markets work so much better than state control. My point is just that we can't kill the only major free market without terrible consequences for R&D.
Yes, but it said nowhere that these price controls result in a price that is so much lower that Austria becomes a "free rider". That is a silly assumption that you are making based on a few comments by biased people.
This is especially so since only older and long established meds are in the price controlled system anyway. The newer and more expensive meds are not. So the argument is absurd.
Well you first denied foreign authors copyrights in the US and now you are forcing everybody else to eat yours. Of course the EU assholes in the comnission are all paid off by your coroporations, so they pressed it through against the will of the senate. Had I had my say, I would have said: keep your shit, we dont need it! That would have at least given our own media some room to grow again.
The same happened with patents. Now we do have your software patents.
What a pile of shit. I would have never let that happen.
This is especially so since only older and long established meds are in the price controlled system anyway. The newer and more expensive meds are not. So the argument is absurd.
Well you first denied foreign authors copyrights in the US and now you are forcing everybody else to eat yours. Of course the EU assholes in the comnission are all paid off by your coroporations, so they pressed it through against the will of the senate. Had I had my say, I would have said: keep your shit, we dont need it! That would have at least given our own media some room to grow again.
The same happened with patents. Now we do have your software patents.
What a pile of shit. I would have never let that happen.
On software patents - I agree. Copyright should be more than sufficient.
OTOH patents run out - copyright is nearly forever (in terms of technology).
OTOH software is to computers what a milling machine is to machinery. Roughly. Both control how the machine built will function. It would be odd to be able to patent the output of a milling machine and not be able to patent the functional equivalent for computers. Assuming novelty etc.
OTOH patents run out - copyright is nearly forever (in terms of technology).
OTOH software is to computers what a milling machine is to machinery. Roughly. Both control how the machine built will function. It would be odd to be able to patent the output of a milling machine and not be able to patent the functional equivalent for computers. Assuming novelty etc.
Engineering is the art of making what you want from what you can get at a profit.
Skipjack,
Suppose I only buy auto insurance after an accident and the government insists all coverage has to be retroactive.
That is what forcing coverage for pre-existing conditions is.
What ever it is it is not any protection against losses from future unknown events. The very heart of insurance.
Suppose I only buy auto insurance after an accident and the government insists all coverage has to be retroactive.
That is what forcing coverage for pre-existing conditions is.
What ever it is it is not any protection against losses from future unknown events. The very heart of insurance.
Engineering is the art of making what you want from what you can get at a profit.