this post was submitted on 02 Apr 2024
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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Publicly funded research is out of the question then? Why does it have to be private corporations doing the research?
A state doesn't have this kind of money to burn. If they did it, the money would have to come from somewhere. So either you increase taxes, decrease spending elsewhere, or start a business making a lot of money. Such as, say, selling the newly developed medications at a markup... It's sad, but I'm not aware of a better way.
That being said, the cost of medications in the US is utterly ridiculous.
Except as highlighted, if the drug didn't make a return on investment it wouldn't be made. That can be true for government funded research, it's not necessary to have a profit margin on top.
To add to this, better drugs pay for themselves, because then public healthcare doesn't need to pay for more ineffective treatments. Having fewer sick people also improves productivity and the economy.