India refuses to side with US on trade imbalances

[Nothing]

Yes health care is expensive because almost 99% of the drugs which save everyone in the world are researched and made in America. How many drugs has India invented?...ZERO. All you have done is copy the American researched and developed drugs illegally for 3 decades under the "generic" model.

Please provide link to prove your argument that we copied the American researched and developed drugs illegally for 3 decades under the "generic" model.

And cost of health care not only depends on drugs , it includes many other charges like administrator cost by hospital and fees of medical professional.

Simple dental treatment's cost is 10% in India compare to USA . during my entire treatment I tool medicine worth 1$ (which was actually pain killer).
Simple cost of CT scans around the $300-$700 US dollar range per body part and offered on a cash discount basis in USA where in India cost if 10 to 20 $ ( We also use imported machines from USA and Germany )

Even according to you other countries also copy American drugs right ... see below image and gain some knowledge

 

[Chinese-Dragon]

Ya..and that will happen when the exports from China become more expensive due to the sinking dollar.

I accept that there are fundamental problems with the American economy which have nothing to do with China but the currency situation with China has gone on way too far.Trade should be both ways and balanced not in one nation's favor.

Like I said before, exports to the USA make up only 0.5% of Chinese GDP growth.

So even if you completely blocked all trade with us, it wouldn't do much.

As before, if you want to get out of your 13 trillion debt anytime in the future, you need to start tightening belts. Just consume less.

 

[Ras]

Please provide link to prove your argument that we copied the American researched and developed drugs illegally for 3 decades under the "generic" model.

EU Trade Agreement Could Hit Indian Generic Drugs

India became a generics powerhouse because of a 1972 decision by then Prime Minister Indira Gandhi not to recognize patents on drug products.

Yes..R&D of drugs has a huge impact on health care price along with other things like huge malpractice settlements.

You do realize that America has a lot more people than the other nations who you comparing us too...more the no of people more of them fall through the cracks.American health care is the most expensive in the world..but also the most cutting edge.

 

[Vimana1]

Yes health care is expensive because almost 99% of the drugs which save everyone in the world are researched and made in America. How many drugs has India invented?...ZERO. All you have done is copy the American researched and developed drugs illegally for 3 decades under the "generic" model.

Problem is the drugs you make are out of reach for the world's poor whereas countries like India can make it cheaper for the end user just take anti-Aids drugs for example which Indian firms can make at a fraction of the going rate compared to US companies.

 

[Ras]

Like I said before, exports to the USA make up only 0.5% of Chinese GDP growth.

So even if you completely blocked all trade with us, it wouldn't do much.

As before, if you want to get out of your 13 trillion debt anytime in the future, you need to start tightening belts. Just consume less.

I guess China has nothing to worry about then..

 

[Ras]

Problem is the drugs you make are out of reach for the world's poor whereas countries like India can make it cheaper for the end user just take anti-Aids drugs for example which Indian firms can make at a fraction of the going rate compared to US companies.

It is true and I understand...but some one has to absorb the cost for R&D. People in America do that so it is really irritating to get lecturers from foreigners.

 

[Chinese-Dragon]

I guess China has nothing to worry about then..

Of course we have things to worry about, but this is not it.

I'm not excited about QE2, but I'm not complaining either.

To me, this issue is mostly about domestic American politics, and Obama's sinking approval ratings.

 

[Nothing]

You do realize that America has a lot more people than the other nations who you comparing us too...more the no of people more of them fall through the cracks.American health care is the most expensive in the world..but also the most cutting edge.

Comparison is of average cost not total cost and all nations I am comparing with USA have more life expectancy then USA. don't give reason of larger population all comparison is in % and in average here

A study of international health care spending levels published in the health policy journal Health Affairs in the year 2000 found that the U.S. spends substantially more on health care than any other country in the Organization for Economic Co-operation and Development (OECD), and that the use of health care services in the U.S. is below the OECD median by most measures.The study conclude that the prices paid for health care services are much higher in the U.S.

I agree you guys have very nice facilities for health care but again price is too high comparing what common man is gertting.

One of my friends's brother is doctor in USA .... according to him they have to cover cost of many law suites against them. And thats for they don't work prefer to work independently , they join some big hospitals where hospital take care of all legal things. But that too is costing too much in USA.
And again debate is not for USA's health care system. Your president is doing that and republican's will gonna start that soon in congress.

 

[CardSharp]

Ras, are you calling generics illegal or are you calling for the other nations of the world to do more R&D? The two are not the same, the former claim is stupid and the latter can be forgiven coming from someone who is not apart of the industry.

 

[Ras]

Ras, are you calling generics illegal or are you calling for the other nations of the world to do more R&D? The two are not the same, the former claim is stupid and the latter can be forgiven coming from someone who is not apart of the industry.

I am not calling generics illegal or asking for more R&D in other places...I am saying a fact that most R&D is done in the US and R&D costs for medicines are absorbed by Americans.

 

[CardSharp]

I am not calling generics illegal or asking for more R&D in other places...I am saying a fact that most R&D is done in the US and R&D costs for medicines are absorbed by Americans.

You make it sound as though the American people or the government absorb these costs. It's the big multi-national pharmas that take drug candidates from pre-trail to phase III. The research costs are nothing. It's the the FDA's clinical trials that burn money like it's soaked in gasoline.The average research to market costs for a drug is a cool billion dollars and the vast majority of that billion goes to phase II and phase III.



Did research with a prof that used to be in industry, had his own biotech startup until their drug went belly up in phase II and he had to come back into academia.

 

[Ras]

You make it sound as though the American people or the government absorb these costs. It's the big multi-national pharmas that take drug candidates from pre-trail to phase III. The research costs are nothing. It's the the FDA's clinical trials that burn money like it's soaked in gasoline.The average research to market costs for a drug is a cool billion dollars and the vast majority of that billion goes to phase II and phase III.



Did research with a prof that used to be in industry, had his own biotech startup until their drug went belly up in phase II and he had to come back into academia.

You just agreed with me on that new drugs cost a lot of money to bring to the market.

The American pharma companies do the R&D,the clinical trials(which as you said burns money) declares the drug safe for the rest of the world to copy and flood the international markets. So who pays the money in the end...the poor dumb Americans who do absorb the costs when they buy these drugs.

 

[CardSharp]

You just agreed with me on that new drugs cost a lot of money to bring to the market.

The American pharma companies do the R&D,the clinical trials(which as you said burns money) declares the drug safe for the rest of the world to copy and flood the international markets. So who pays the money in the end...the poor dumb Americans who do absorb the costs when they buy these drugs.

Look if you want to think that Americans bear some kind of noble burden for the rest of the world, that's fine, the world is not going to end with one more ignorant American on it. But I'll point out to other people reading here that only 4 of the 10 largest pharmaceutical companies in the world are American and none of them specializes in charity or good will.

 

[Ras]

Look if you want to think that Americans bear some kind of noble burden for the rest of the world, that's fine, the world is not going to end with one more ignorant American on it. But I'll point out to other people reading here that only 4 of the 10 largest pharmaceutical companies in the world are American and none of them specializes in charity or good will.

You seem to keep beating down the wrong path...all I said is that the cost of the research(clinical trials etc) of most of the new drugs in the world are absorbed by Americans when buying drugs.It is a fact..never said Americans do it for charity.

Edit:Let us not call each other names...

 

[CardSharp]

You seem to keep beating down the wrong path...all I said is that the cost of the research(clinical trials etc) of most of the new drugs in the world are absorbed by Americans when buying drugs.It is a fact..never said Americans do it for charity.

Edit:Let us not call each other names...

Fine fine but the way you are describing it is just not how it works.