Tag Archives: pharmaceutical

Another Example of How Messed up Our Health Care System is

Just another quick example of how messed up our health care system is. Bush started negotiations with New Zealand…
Now New Zealand, like every other first world “westernized” country has universal health care. Every New Zealand citizen is covered. Also included in that coverage is prescriptions. The government of New Zealand negotiates with the drug companies to get a cheap price on prescriptions. A fair chunk of this price is paid by the government, the citizen then pays a small percentage of that. Basically it is like a prescription plan we may have here, but cheaper, and subsidized by the government instead of an insurance company. If you want to eliminate wait times and other stuff that comes with the universal system, you can buy supplemental private insurance from for profit companies, as I noted before that would be about $80 NZD a month ($55 USD).
Anyhow, one of the main issues the administration had was that the government of New Zealand was subsidizing prescriptions for their citizens and negotiating such cheap rates. They wanted them to not to negotiate such low prices so that American pharmaceutical companies could make more profit. It was Bush’s view then that it is better to see New Zealand citizens suffer and pay more to protect US profits. And I think this helps point out one of the many problems we have here. The fact that too many people care about profits and not enough about sick people.