dteowner
Shoegazer
You're not reading it right. The US has 50% of global pharma R&D and similar dominance in device R&D. If you ignore 2nd place Japan (since I'm picking on the holier-than-thou Euros at the moment), the US spends roughly TRIPLE the combination of UK, France, Switzerland, and Germany. That's not a few percentage points. Simply put, they're graciously letting us shoulder the financial burden of biomed R&D and then crowing about how little they spend. I'm not sure how to say it in enlightened-speak, so I'll just try, "Duh!" If you take advantage of things that you don't pay for, your costs will naturally be lower. It's the same game they play with their national defense, crowing about how little they spend on military while enjoying the umbrella supplied by our troops on our dime via NATO agreements.
Not saying that's the whole picture by any stretch (as I mentioned, wolfing hit on another biggie with liability costs), but it's impossible to ignore. Well, unless you've got an agenda…
Not saying that's the whole picture by any stretch (as I mentioned, wolfing hit on another biggie with liability costs), but it's impossible to ignore. Well, unless you've got an agenda…