@St_Rev @mr_archenemy
The US is close to UK and Germany in medical innovation per capita.
http://download.pwc.com/ie/pubs/2011_medical_technology_innovation_scorecard_the_race_for_global_leadership_jan.pdf …
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1261198/?tool=pubmed …
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Replying to @ProfessorZaius
@ProfessorZaius@mr_archenemy The free-riding comes from the regulatory price differentials--pharma can price in US to recapture R&D costs.1 reply 0 retweets 1 like -
Replying to @St_Rev
@St_Rev@mr_archenemy And British companies price higher in US too to recapture R&D. This seems like a subsidy from Americans to others.1 reply 0 retweets 0 likes -
Replying to @ProfessorZaius
@ProfessorZaius@mr_archenemy Yes, this is exactly the point. US patients subsidize the rest of the world's pharma research.1 reply 0 retweets 1 like -
Replying to @St_Rev
@St_Rev@mr_archenemy And you're arguing that this is a preferable state of affairs for US patients than an alternative in which they pay>4 replies 0 retweets 0 likes -
Replying to @ProfessorZaius
@St_Rev@mr_archenemy roughly the same price as patients in other countries.1 reply 0 retweets 0 likes -
Replying to @ProfessorZaius
@ProfessorZaius@St_Rev In your alternative, the set of available drugs would be smaller, so it'd be a trade-off.1 reply 0 retweets 0 likes -
Replying to @mr_archenemy
@mr_archenemy@St_Rev Right. A simple way to estimate the size of the negative effect on R&D would be to look at how much more the US spends1 reply 0 retweets 0 likes -
Replying to @ProfessorZaius
@mr_archenemy@St_Rev on drugs now than it would if its prices were identical to Canada/UK, then subtract that from total medical R&D>2 replies 0 retweets 0 likes -
Replying to @ProfessorZaius
@ProfessorZaius@St_Rev If we go single payer, what border will Canadians cross to get decent health care?2 replies 0 retweets 1 like
@mr_archenemy @ProfessorZaius McArdle makes a persuasive case that single-payer in general in the US is a nonstarter: http://www.bloombergview.com/articles/2014-04-30/single-payer-would-make-health-care-worse …
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.