i assume drug prices are much higher in the US than the UK - is this correct? if the US healthcare system was nationalised presumably this would result in lower drug prices (and therefore lower the overall cost of healthcare) as the government would be able to exert much more power in negotiating prices as the main buyer. I don't see anyone in the US arguing this point, maybe I am wrong.
Another point which we don't really have to deal with in the UK is the culture of litigation and the level of payouts which people can be awarded. I wonder if the US courts would still award multi million dollar awards for people suing doctors when the government would ultimately have to foot the bill.
i assume drug prices are much higher in the US than the UK - is this correct? if the US healthcare system was nationalised presumably this would result in lower drug prices (and therefore lower the overall cost of healthcare) as the government would be able to exert much more power in negotiating prices as the main buyer. I don't see anyone in the US arguing this point, maybe I am wrong.
Another point which we don't really have to deal with in the UK is the culture of litigation and the level of payouts which people can be awarded. I wonder if the US courts would still award multi million dollar awards for people suing doctors when the government would ultimately have to foot the bill.