"Trump is again proving that he lied to the American people and doesn't care about lowering costs—only what's best for himself and his ultra-rich friends."
Other countries get cheap medicine because their health care systems negotiate for medicine supply contracts collectively. Large numbers of buyers collectively negotiating have more buying power than individual consumers. That’s it. In both cases pharma companies are charging as much as they can given their market position. They’re not charging Americans more because other countries know how to bargain. The two aren’t connected. If they could charge others more they would, regardless of what Americans are paying.
Other countries get cheap medicine because their health care systems negotiate for medicine supply contracts collectively. Large numbers of buyers collectively negotiating have more buying power than individual consumers. That’s it. In both cases pharma companies are charging as much as they can given their market position. They’re not charging Americans more because other countries know how to bargain. The two aren’t connected. If they could charge others more they would, regardless of what Americans are paying.