Mexico’s 120 million citizens will begin to enjoy free, universal access to healthcare from next year, following a decree by socialist president Claudia Sheinbaum.
Penicillin was invented in a public university lab. We used to have a strong public research in the health sector worldwide.
Then neo-liberalism managed to convince politic leaders to progressively shut down public research and subsidize more and more the private sector.
This is not unique to the US. Your taxes pay for R&D, then your insurance (or your wallet…) pays to get the drugs you subsidized.
And the private sector does not need ginormous margins to stimulate private R&D spendings.
Penicillin was invented in a public university lab. We used to have a strong public research in the health sector worldwide.
Then neo-liberalism managed to convince politic leaders to progressively shut down public research and subsidize more and more the private sector.
https://www.ineteconomics.org/perspectives/blog/us-tax-dollars-funded-every-new-pharmaceutical-in-the-last-decade
This is not unique to the US. Your taxes pay for R&D, then your insurance (or your wallet…) pays to get the drugs you subsidized. And the private sector does not need ginormous margins to stimulate private R&D spendings.