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Now, welcome to the award-winning BestOfA Left Podcast with Hubsuday from the majority

report, the David Pakman show, Tom Hartman, the Ralph Nader radio hour, and the Young Terrics.

The United States is the only country in the world in the rich world.

The only developed country that has no mechanism for regulating the price of drugs.

I mean, in countries like Australia and Canada where you have Medicare for all, there's a pharmaceutical

benefits body, which is just a panel of experts that say that analyze the benefits and the downside of drugs.

And they make recommendations and they say that this is what Medicare is going to pay and this is what it's not going to pay.

And we don't think the drug is worth more than that. And with a finite amount of money to spend, we're not going to spend it.

And you know what drug companies call it? They don't go back up. They don't go broke. They still sell the drugs.

The reasonable price.

They're still able to innovate. They might just have smaller bonuses and a smaller ad budget, which is where all of the things they sell.

The whole innovation argument is almost always the ad. But for example, here's one example.

Gilly ad sciences. They developed two-hit seed drugs, Svaldi and Havoni, less than two years ago.

They have already removed all of the R&D expenses for the development of those two drugs.

Do you think they're bringing the prices down to cheap levels? Of course not. They're going to keep on charging as higher prices they possibly can for these drugs.

And they will in perpetuity and they'll justify it by saying, well, I mean the American consumer has to pay these high prices so that we can afford the innovation and the research development on other drugs.

Well that's exactly the same bullshit that this guy was saying when he raised the price of that drug by 5,000%. He said we want to find a better drug.

Every drug drug spoken to is there's no need to find a better drug because the drug that he just checked the price up on.

Exactly.

He already does a seven-year-old job. Exactly. It's like probably like, well, we'll privatize your water supply and jack it up to find something better that hydrating you.

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