>>3772160>And it only keeps getting more expensive as we keep cutting taxes
What relation could arbitrarily increasing the operating costs of companies through taxation possibly have to price reductions?>We have the most corrupt, most expensive healthcare system in the world by a wide margin.
That's largely because of (bad) regulation, less for the lack of it. Accounting for inflation, the FDA has driven up the cost of developing a drug from 412 million dollars in the early 90s to over 2 billion today-and they are less than half as likely to approve a drug over their 12 year clinical trial period now as they were then besides-if you look at the increase in drug prices there is a strong correlation between this 500~% increase in regulatory costs to costs "at the counter". Apart from that, they prevent the importation of proven-safe drugs from overseas, generally stifle domestic competition and keep generics which cost over 80% less on average from appearing on the market (because they don't have to deal with the FDA) for many years, besideshttps://www.fda.gov/aboutfda/transparency/basics/ucm194904.htm
Strategic regulation and the FDA isn't all bad mind you, I don't know anyone who doesn't like having their food being labeled properly, but you can't ignore its place in all this. Medicare and Medicaid spending on drugs stands at about $1 for every $3 total spent on healthcare in the US, so the ideas floating around about an international index, importation and pricing transparency are good ones that are a long time coming.https://www.ajmc.com/newsroom/trump-proposes-allowing-medicare-to-base-drug-prices-on-what-other-countries-pay
As-is US pays more to research drugs than any country in the world and it's not even close, the drug companies then sell the drugs to Europe at a steep discount-with their having spent nothing on developing that drug or getting it approved-and cuck the American public with the rest of the bill.