Berzerker
Deity
http://www.wsj.com/articles/why-the-u-s-pays-more-than-other-countries-for-drugs-1448939481
The short version: The US pays more for drugs and effectively subsidizes other countries. Our biggest buyer of drugs is Medicare and the govt isn't allowed to negotiate drug prices while other governments, like Norway, play hard ball with pharmaceutical companies even refusing to fund certain drugs, which usually leads to a discounted price.
I dont know if private insurance here negotiates, I know they do when it comes to hospitals and doctors, etc. And big pharma is constantly polluting our airwaves with ads often for drugs that kill us even quicker. Apparently they're not allowed to run ads in Norway. Of course big pharma says these high costs fund research, no doubt.
So I was thinking about this and started wondering what ideology is in play here? I dont want to throw out any labels to describe the situation, but what would you call our system and theirs?
Frankly it matters little to me in ideological terms who negotiates drug prices, be it me (but I'd rather pay someone to do that for me
), or my insurance company (who I do pay), or local, state, or national government. But in terms of practicality my only option is walking away if I dont like a price whereas some "group" has more power to get lower prices. The bigger the group the more power.
Is this just a matter of government regulation of a capitalist system? I cant call it socialism, not even sure what that means. Even in a free market it is assumed buyer and seller haggle, thats how most of the world works, or did.
But here in the US we dont haggle much. I dont walk into Walgreen's (or Sears or Best Buy) and start trying to talk them into a lower price. Is it a free market if haggling is replaced with a compliant government and a corporate system feasting off the taxpayers and powerless individuals?
The short version: The US pays more for drugs and effectively subsidizes other countries. Our biggest buyer of drugs is Medicare and the govt isn't allowed to negotiate drug prices while other governments, like Norway, play hard ball with pharmaceutical companies even refusing to fund certain drugs, which usually leads to a discounted price.
I dont know if private insurance here negotiates, I know they do when it comes to hospitals and doctors, etc. And big pharma is constantly polluting our airwaves with ads often for drugs that kill us even quicker. Apparently they're not allowed to run ads in Norway. Of course big pharma says these high costs fund research, no doubt.
So I was thinking about this and started wondering what ideology is in play here? I dont want to throw out any labels to describe the situation, but what would you call our system and theirs?
Frankly it matters little to me in ideological terms who negotiates drug prices, be it me (but I'd rather pay someone to do that for me

Is this just a matter of government regulation of a capitalist system? I cant call it socialism, not even sure what that means. Even in a free market it is assumed buyer and seller haggle, thats how most of the world works, or did.
But here in the US we dont haggle much. I dont walk into Walgreen's (or Sears or Best Buy) and start trying to talk them into a lower price. Is it a free market if haggling is replaced with a compliant government and a corporate system feasting off the taxpayers and powerless individuals?