Reply To: Sir Elton John urges next election winner to eradicate AIDS by 2030

  • ObscureandFuzzy

    Organizer
    December 3, 2023 at 6:30 pm

    @metta

    Member December 3, 2023 at 1:10 am

    I don’t think it needs to be nationalized. But being that most of the research is at least partially financed with government funds, there should be a reasonable limit to how much drugs can be priced above its cost to make. As an alternative, allow other manufactures to manufacture the drugs if they are priced above a certain amount, for example, over 10 times the cost to make.

    Pure capitalism has its failures, and it is up to the government to design it to stop abuse.

    I just did a quick compare:

    Microsoft profit margin: 39.44%

    Apple profit margin: 25.66%

    Pfizer profit margin: 15.3%

    Novartis profit margin: 14.56%

    Exxon profit margin: 10.09%

    Seems like if there’s any “unreasonable” profit being made, there’s other companies/sectors that the government needs to “reign in” first.

    And another point… much of that profit from the drug companies is reinvested into R&D. Smaller profit margins = less R&D.