Except this has nothing to do with capitalism. In fact trying to influence the market through governmental policies is literally the antithesis of free market capitalism
Because most governments on this planet have decided that healthcare is a human right and shouldnt be part of the 'free market'. So most countries negotiate prices with the pharma companies because its in any governments interest to have affordable medicine.
Walmart tried to enter the german market years ago. It didn't end well for them. German's are not willing to pay higher prices for worse products. Plus walmart tried to pay american wages. Sorry, doesn't work in germany. We have minimum wages for that.
Not really, research cost is relatively equal across the globe. The difference is that the USA has a massive middleman in the form of insurance companies who jack up the price. Basically in a lot of other countries, the tax payers basically foot the bill to lower the drug price to be sold to their own citizens, they still pay the same price but it hurt the citizens less.
How do insurance companies jack up the price of research? It's literally scientist's salaries and equipment, insurance should have no effect on it.
And if you're talking about medical costs in the US, it isn't insurance companies that cause healthcare to be so expensive in the US, nor is it lack of public investment into healthcare.
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u/PleasantBus5583 4h ago
Apparently, healthy people are bad for business