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To: BelowTheCrowd who wrote (183427)2/3/2006 9:18:50 PM
From: Saturn V  Respond to of 186894
 
the U.S. spent about $25 billion on biomedical research. About $11.5 billion came from the Federal government, with another $3.6 billion of academic not funded by the feds. Industry spent about $10 billion. However, industry R&D is eligible for a tax credit of about 20%, so the government also picked up about $2 billion of the cost of “industry” research. So private industry pays for only about 1/3rd of biomedical R&D.

Thanks for posting the statistics. This backs up my assertions in

Message 22128096

Thus the the US consumer is subsidizing the health care of the price control countries. I have no problem with other countries getting drugs at US prices. We have to allow pharmacies to import drugs from overseas and get rid of this multiple tier pricing.