AMERICA’S COMPETING FOR-PROFIT PRIVATE HOSPITAL MODEL PREVENTS BULK TENDERS
The USA’s competing private hospital groups do not have the financial muscle to DEMAND a smaller-price-per-pill. They approach Big Pharma like Oliver, ‘Please sir - I would like some more!” But Big Pharma demands they buy brand name instead of generic, or extorts the hospital in higher costs even for generic.
Compare that to Australia - where half our hospitals are government owned and operated. This cost is shared between the Federal government and the States, but the Federal government co-ordinates massive tenders for medical kit and pills through our Pharmaceutical Benefits Scheme - aka “The PBS”.
American big pharma HATE our PBS! The PBS not only demands generic where possible, but because it is THE Australian medical tender going to market - the PBS not only demands lower price per unit - but it demands RESPECT! They HAVE to get that tender - and have to seriously COMPETE with the other suppliers! (I thought that was the whole point of going to the market for something?)
And, predictably, under Trump’s self-serving MAGA philosophy - Big Pharma are getting in on the act and trying their luck. They complain to Trump about our PBS. Meanwhile - Australian’s enjoy VASTLY cheaper meds through the PBS.
US pharmaceutical giants urge Trump to put further tariffs on Australia
In those maybe 3% of cases when a medicine we need is not YET listed under PBS, people go home and hug their loved ones with tears in their eyes - and say “I had to pay AMERICAN prices!”