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Politics : Politics for Pros- moderated
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To: Lizzie Tudor who wrote (13024)10/19/2003 3:27:42 PM
From: greenspirit  Read Replies (2) of 793707
 
The point is that paying for synthroid here, costs somebody somewhere $47 bucks for me and I can get it in Bolivia (yes I bought synthroid in Bolivia) for a fraction of that price. I can get it in Canada for less than half etc. This is a sort of looting of the US citizens and there is no reason for it imho.

Lizzy, what's the exchange rate for Bolivia and Canada? Most of the difference in price can probably be attributed to the currency value. The price of goods and services is a reflection of a nations wealth and the ability of its consumers to pay. Are we also getting ripped off because Chinese citizens pay $25.00 for Microsoft's latest OS?

The prescription drug industry is no different than any other industry. They offset the costs of R&D and extract as much profits as they can from the places on earth which can afford it the most. America happens to be one of those places. Price is a reflection of that free market model. Of course, government intervention in America's health care industry has altered this model, in some cases quite dramatically. However, that's a reaction to and not a cause of....

If you really want to see prices out of wack with market forces. Try buying a decent coat in Italy. What Wall Mart sells for $30.00 costs over a hundred euro's here!

It's cheaper to use the net and pay the shipping costs.
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