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Comments by "" (@jmitterii2) on "" video.
Among the fact our medicare system isn't allowed to bid pricing. And the biggest is biotech to big pharma patent exchange this ups the prices artificially from trial studies the biotech conducts average ranging from $5 million to $50 million, the biotech then sells the FDA approved patent to a big Pharma for several billion dollars. Mind you, the ground work of most of the drugs had various tax sponsored subsidies, so not only are you paying the taxes for the new drug developments, you're paying even higher amounts from the big pharma. Solutions: 1 abolish medical patents. 2 allow medicare and medicaid to bid. 3 ultimate solution a single payer system abolish private insurance it's also an incredibly huge unnecessary middleman administration cost. These three items would reduce medical spending per capita a year in the US by at least half getting closer to that of what the rest of the 1st world developed countries spend, and they have the better outcomes and universal coverage. We spend twice as much and have worse outcomes... go figure.
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