Quote:
Originally posted by roly
companies don't invent things, people do. yes US probably does discover a lot of new drugs, and that's a good thing for the world, although they don't do it for nothing.
Socialised medicine as you call it hasn't anything to do with innovation (were not communists), european countries heath services still have to buy the drugs from drugs companies just like in the US system. Free health care for everyone is a great idea and something to be proud of and is unrelated to innovation.
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http://www.ims-global.com/insight/ne...ory_010327.htm
The article above explains nicely why your comments are politically biased rubbish.
edit: Here's part of the article
This widening of the gap between the USA and the rest of the world will continue a trend that has prevailed throughout the 1990s. IMS HEALTH data show that the US pharmaceutical market was roughly the same size as the European market at the start of the 1990s, but has since grown to twice the size of the European market.
According to PPI, this trend looks set to continue, unless there are moves towards price deregulation in Europe and Japan. The data show that growth in the USA tends to be driven by value (price) rather than volume, due in part to the launch of innovative, premium-priced products. Europe and Japan have been unable to innovate to the same extent as the USA, and as a result have fallen behind.
According to PPI, "The bottom line is that the highly regulated and fragmented healthcare systems of Europe and Japan have failed to stimulate growth to the same extent as the deregulated US environment... greater price freedom for new products in Europe and Japan would be a significant boost for these markets and could provide some stimulus for R&D investment."