Yes. And U.S. longevity is DECREASING ... which is crazy for a large population not in a major war or suffering bubonic plague.... 🙂 Infant mortality in U.S. is as high as third world countries despite the most expensive medical care in the world. 😐
@@bernardtan427 drugs price is part of the healthcare expenditure. It is lack of governance. The root cause is corporate campaign donations. Legislator r bought and beholden to corporations. dont u see the problem when campaign donations is getting larger... it is a zero sum game.
US has capitalism for companies (which is a good thing) but US has also capitalism for healthcare and education (which is a bad thing as healthcare and education should be free for all, all children and adults should have the same opportunities when it comes to education and healthcare).
@@orhanmekic9292if the US did not come in and save those TOOBIGTOFAIL investment banks in 2008 and again quietly in 2019. We would be typing out very different replies to each other right now The irony when those investment banks whose institutional traders joked about about the Subprime junk they were selling each other and the public in messages to each other The only bank they went after was a small retail bank who self reported irregularities with one of their mortgage brokers Ironically it was a bank that served Chinatown. Where Chinatowns is where they traditionally put the unwanted people in North America you should watch it if you haven’t 👇 Abacus: Small Enough to Jail Abacus, a small family-run bank, becomes the only U.S. bank to face criminal charges in the wake of the 2008 financial crisis. The indictment and subsequent trial forces the Sung family to defend itself -- and its bank's legacy in the Chinatown community -- over the course of a five-year legal battle.
@@orhanmekic9292 The crises of 2008 showed very clearly that Us does NOT have capitalism for companies but rather socialism as they were all saved by tax money while average people lost EVERYTHING and many became homeless. Not a SINGLE banker got punished for destroying the global financial system a bit more profit and for destroying millions of lives.
@@rogerstarkey5390 It goes to Hungary and the idea is to connect central Europe with Asia. There is a lot of reasons to have fast rail from Far East to Europe. Fast rail makes it possible for goods and people to travel fast in both directions. It's beneficial for all sides involved, not only Chinese. Goods can also travel in direction from Europe to China and Far East.
China has implemented "Centralized Purchasing" for medical supplies. Take the example of tooth implants. The components come from Switzerland, Korea, the USA, etc., In the past, the individual dentist would buy directly from the manufacturer, at whatever cost $$$$ they charged. The central government changed all that. They pre-negotiate the import price with the manufacturers. The suppliers must sell the components at the agreed-upon price. Nowadays, you can get a tooth implant in China for as little as RMB$1,000.
This is why Purchasing power parity (PPP) is the correct measure of GDP. A Chinese buys a car for $10 k and an American buys the same car for 40k and we stay that 40k car has more value then 10 k car.
American here. US/Western propaganda was at it's best until recently when Gaza and Ukraine blew open all the lies the oligarchy and plutocracy have been telling us. I was a victim of this until recently with the attitude, West is Best and US could do no wrong. When the ruling/donor class uses their hidden but powerful hand to direct this country (President/Congress are ultimately ceremonial figureheads, fearful of losing their elections if they don't do what they're told to do) against the majority of American people's interest (I'm tired of being told there's no money for potholes or the homeless but we don't have enough F-35s or aircraft carriers...) they have to continuously lie to us and keep us ignorant to keep control. We need regime change in this country and reformed Republican and Democratic parties aren't the answer.
US nominal GDP is all based on Wall Street numbers and the military-industrial complex numbers. It doesn't take a rocket scientist to understand why China's economy passed the US in 2014 to become #1 in purchasing power parity (PPP) metrics as most economists say PPP is where the real economy is.
For most people who have health insurance you have to carry a lot of debt if you are struck with a major disease. Most insurance sold in a America have so many holes that they are almost worthless. Car and house insurance are also moving in that direction.
I sure as heck don't need American products like sports and entertainment that says it's OK for 10 year olds to model their behavior on gay cartoon characters.
Corruption is the reason of higher prices in America, where money goes to not only importers, sales agents, but also to pockets of many government officials who have approved the drugs to be used in America. How many government officials ? Many, and would never be disclosed.
And don't forget those PAC and SUPER PAC donations which get them elected so they can make laws which allow corporations to do what they want. Look at miners. They can tear the earth apart. Miles down and across. After they rape the earth of all the minerals, they just walk away leaving leach fields, canyons, and barren land. Same with corporations. Soon you will see all those investment bankers walking away with your decades of retirement savings. Because those units you bought in their funds, belong to them... not you. That is what the law now says.
Because of revolving doors ... those "government" officials come from the industry they are supposed to regulate. After the government service they go back to those industries at huge salaries ... that's how most of the bribes work so it's 'legal'.
The talk of de-risking and decoupling from China is just talk. Pharmaceutical companies will continue to import and simply pass the tariff cost onto consumers. Why would you even bother to put a tariff on something that you need that you don't produce. Our politicians are talking from the wrong end of their physical selves.
Maybe until the day when China says "Sorry! ALL our production is going to the BRICS? Belt and Road Countries.." (and those countries will have had a work in their ear to only order what THEY use at home.... no exports under the table)
They hope people will be dissuaded from buying foreign/Chinese products so a related industry will pop up in the US and we will have jobs here (screw comparative advantage!) no matter what the cost of the US products will be. Since the US economy is now a services/financial based economy, getting these industries back will almost be impossible, especially if you need to import tariffed raw materials and that's assuming the people in control of the overseas supply chains will be allowed to sell the stuff to you. However, Trump's supporters will support him no matter what and follow him off the cliff as they've mostly voted on the basis of race and forgone common sense.
Everything that is made in China should be labeled made in America to make the American people happy most don’t read the labels anyway I didn’t know that so much drugs have a Chinese connection like everything else this is still the most educational channel around ❤👍
For an individual, 90+% of the population are unable to. That is where the Health Care system comes in. It is to distribute the financial burden( tax, scaled up profits ) to the mass of the healthy ones. It is a Ponzi Scheme on the healthy americans for Big Pharma.
Being a factory is the worst position in the supply chain. I've had lunches with factory owners where they claim they get $1 for a product but finds that it gets sold for $16 retail in the ŰȘ. Factory making iphones in China also has only 5% of the pie. Most goes to apple company. Ruthless.
Meidical expenses represent a big chunk of US GDP, 17% plus. Everything is overpriced. Even the houses you own is conunted as rental income. USA no. 1 !!!
Thanks for the report I will be sharing it. I have been telling people in the usa how cheap drugs are here in Cambodia for the last 20 years and some people do not believe me.
The Main Stream have bamboozled relentlessly most people for so long, it is almost impossible to detox your friends. Unless and until they travel out of the country to see for themselves. In the meantime, you WILL still be a voice in the wilderness.
Why stop? The buyers still need the critical durgs, and they are willing to pay the tariff to their own governments. Chinese firms still sell at the same price and make the same profit. Why force buyers to look for supply elsewhere? If the government wants to ruin the lives of their own citizens, China will not interfere with other's internal affairs.
Mengungkapkan kebenaran tetapi rakyat Amerika itu pengecut hanya membual ini dan itu. Mereka Tau sedang di perintah oleh para ditaktor. Tapi mereka merasa mempunyai kebebasan 😂😂 kebebasan apa yang kalian punya jika wanita keluar malam sendirian sajah tidak berani. 😂😂 Demokrasi Amerika = Demokrasi 💩
You fly or take HSR to Guilin, Guanxi province. This is a tourist small town of 800,000 people. From there can purchase tour tickets to many places in the area. Millions go per year. My wife is from Guilin.
As someone pointed out "NO people don't become more conservative as they get older, never have. Just wealthy [conservative] people live a lot longer than miners and steel mill workers or poor people"
@@peanut0brain I live in Burgas Bulgaria now. $165 a month rent for a beach front apartment, 10% flat rate income tax, free quality healthcare, busy thriving high streets, 300 days of sunshine a year.
I keep trying to explain to people around me for years now that you can't have capitalism in healthcare: it's like having capitalism in policing or firefighters. Imagine you need to call all the neighboring firefighters to get a better quote while you have a fire, nonsense of course. Same thing imagine getting the best quote from police officers while you have a serious trouble! Same for healthcare. People are too used to things "as is" to challenge them. The healthcare industry is in the business of making money, one would say it's legit. The problem is that goal is rarely on the same side as making us healthy. Hence the results we have now.
Perfectly stated…. Do they accuse you of being a socialist? What I don’t understand is, how does the propaganda work so well in a country where everyone distrusts the govt and the corporations…. And where is the rebellion?
Just one small note.. Merck on the graph at 5:00 is a German company named Merck.. The Company mentioned afterwards is the US Merck company, known in Europe as MSD. Great video as always!
Well.. the obvious reason for the massive gap is there is no price control on medicine in the US. The companies can charge whatever the market will bear to maximize profits. In the case of cancer drugs, they KNOW patients will bear quite alot because well.. if they don't they die.
Patients cannot bear they just go deep into debt. Medical debt is increasing and is now as common as others forms of debt like mortgages, car loan and so on.
Whao!! Your data and analysis on price differentials on same medicines made me think about that recent murder of CEO of UHC (health insurance company inUSA)😢😢😢
No, It's corruption When you have a political system based on legalised Bribery (AKA "Lobbying") and that system would have to voted out by those who benefit..... It's not going to be voted out?
Yes, if a patient gets cancer in U.S. and has to pay $5 million for treatment ... versus $50,000 in China or Australia. Then it makes U.S. GDP go up a 100X ... in comparison to China an Australia. So it's a very dubious statistic.
@@mchbayern1075 What? China is rank 1 in GDP purchasing power parity. May be you confused with GDP purchasing power parity with GDP purchasing power parity per capita .
Not "just" the active ingredients; China is the go-to source for all elements of Pharmaceutical production, including injection - moulded plastic containers and administration devices, closures, seals, etc. Everything from the smallest components up to bulk packaging solutions, as well as all the excipients the Industry uses on a daily basis.
“In America, anyone can become President, that’s the problem.” - George Carlin George had foreseen the possibility that any crook, any unqualified nob head, any corrupt politician, any delusional person etc, can put themselves up for the job!
I'm a believer in free markets and free trade. A capitalist to be simple. And I hate to sound like a socialist. But these drug companies are providing the best example yet of profit before people and outright exploitation of the common man. Hopefully, RFK sees this.
It’s a big IF if he actually gets confirmed by the senate for any appointment, and even if he does, his boss won’t let him make policy, only implement it.
It's the same business model all around. Apple attained the highest market cap for a while by paying Foxconne a low price for each iphone, then selling the most expensive cell phone.
it seems like those Tariffs are already taking Effect!!! i went to Target the Retail Giant to try buy some Safety Glasses 3 months ago they were$2,99 or so +taxes! now they went UP to $$7,99 Plus taxes and they are the Cheap Kind!!! INSANE!! Who Benefits????/
The cause of the price differential between products in the US and China is the legal costs associated with supplying products to the US market compared with the legal costs associated with supplying products to the Chinese market.
❤❤Thanks Kevin… Trump seems to still think that his tariffs is a way to “tax China”, I am still waiting for Mexico to pay for his imaginary wall… all we can do is sit back and see his tariff backfires.. 🇺🇸🇺🇸💲💲💲💰💰😳😳
I keep telling my kid in college that in 2 years when they'll be looking for internships, to look outside the u.s. because the u.s. has become a country of little to no opportunities if you are not wealthy or connected, and even then there are only a few fields of study. And if he finds a job he will become one of many ants sitting around with wages that have the same buying power they did in the 1980's with no benefits and chance of unionizing like they did before corporate america owned our government. The american dream, what a crock of 💩!!! Would someone near musk just slap him up the side of his empty head?!
I remember a good friend of mine coming back from 3 years working in California. He was outrage by the outsourcing to China. As exemple told me about a business friend that had a designer jeans Brand. He had a factory in LA employing cheap hispanic workers and was making over 90% profit. And he was braging about after outsourcing to China he was making 97% of profits. The name of the game is using the Value/Price ratio instead of Quality/Price ratio to established your price. A good PR firm can increase the value of your product in the US consumer to the sky.
Something you have to keep in mind is that the spike in drug prices aren't due to the drug makers, but due to the control of the middleman by the insurance industry. That's why every drug is more expensive here.
That 7x to 30x price increase from China to America for the exact same medication is why America's GDP is nominally 4 to 5 times higher than China, but not 4 to 5 times better. It's why GDP needs to be normalized to local currency like the Big Max Index and PPP measurement to be even slightly close to reality.
This is what happened when you privatized the government. The US has uncontrollable capitalism, where the gov itself is privatized and owned by giant corporations. This is the democracy the US wants to exports to other countries.
Yes, Chinese do celebrate Thanksgiving like they do with X’mas, the only difference is their turkeys are moist. They have cracked the code on delivering moist turkey like the have cracked the code on manufacturing 😂 Deep fire to seal in the juice seems to work 😉
Substack, for video transcript and direct links:
kdwalmsley.substack.com/p/trumps-tariffs-wegovy-and-why-one?r=4pow86
US has the highest per capita healthcare expenditure, yet life expectancy is lower than China.
And wait until the Chinese A.I Diagnostic systems come on line. THAT'S going to be a huge improvement.
Healthcare expenditure per capita is meaningless when the price disparity on drugs is so wide.
Yes. And U.S. longevity is DECREASING ... which is crazy for a large population not in a major war or suffering bubonic plague.... 🙂 Infant mortality in U.S. is as high as third world countries despite the most expensive medical care in the world. 😐
@@randygraham926 Mostly due to suicides and drug use in rustbelt Appalachia.
@@bernardtan427 drugs price is part of the healthcare expenditure. It is lack of governance.
The root cause is corporate campaign donations. Legislator r bought and beholden to corporations. dont u see the problem when campaign donations is getting larger... it is a zero sum game.
China has capitalism for companies and socialism for masses. US has capitalism for masses and socialism for companies
Define "Capitalism"?
The US system is "Exploitation"
China also has state capitalism controlling the most vital resources of food and energy so that they are kept low for the masses.
US has capitalism for companies (which is a good thing) but US has also capitalism for healthcare and education (which is a bad thing as healthcare and education should be free for all, all children and adults should have the same opportunities when it comes to education and healthcare).
@@orhanmekic9292if the US did not come in and save those TOOBIGTOFAIL investment banks in 2008 and again quietly in 2019.
We would be typing out very different replies to each other right now
The irony when those investment banks whose institutional traders joked about about the Subprime junk they were selling each other and the public in messages to each other
The only bank they went after was a small retail bank who self reported irregularities with one of their mortgage brokers
Ironically it was a bank that served Chinatown. Where Chinatowns is where they traditionally put the unwanted people in North America
you should watch it if you haven’t
👇
Abacus: Small Enough to Jail
Abacus, a small family-run bank, becomes the only U.S. bank to face criminal charges in the wake of the 2008 financial crisis. The indictment and subsequent trial forces the Sung family to defend itself -- and its bank's legacy in the Chinatown community -- over the course of a five-year legal battle.
@@orhanmekic9292
The crises of 2008 showed very clearly that Us does NOT have capitalism for companies but rather socialism as they were all saved by tax money while average people lost EVERYTHING and many became homeless. Not a SINGLE banker got punished for destroying the global financial system a bit more profit and for destroying millions of lives.
Greetings from Serbia. This one video tells it all about different economic philosophy of US and China, about real economy and a criminal greed.
How's your new railway? (ANOTHER Chinese success)
@@rogerstarkey5390Serbia made the right choice with China rather US rail expensive and might fall apart
@@rogerstarkey5390 It goes to Hungary and the idea is to connect central Europe with Asia. There is a lot of reasons to have fast rail from Far East to Europe. Fast rail makes it possible for goods and people to travel fast in both directions. It's beneficial for all sides involved, not only Chinese. Goods can also travel in direction from Europe to China and Far East.
@@rogerstarkey5390Wasn’t that Montenegro ? Who couldn’t afford the project ? Road to nowhere ?
@@johnosullivan2197 - You read that from BBC news. It also connected to central EU to other places. Without it, it would take longer journey.
The price comparisons made my jaw drop. I didn't know it was that bad in the US.
It has to be that bad so that they can maintain being the world's leading GDP status.
Whatever you think about healthcare in the United States, double it and add 1,000.
China has implemented "Centralized Purchasing" for medical supplies.
Take the example of tooth implants. The components come from Switzerland, Korea, the USA, etc., In the past, the individual dentist would buy directly from the manufacturer, at whatever cost $$$$ they charged. The central government changed all that. They pre-negotiate the import price with the manufacturers. The suppliers must sell the components at the agreed-upon price. Nowadays, you can get a tooth implant in China for as little as RMB$1,000.
@@sweejinyap315 Where are you?
I know people who used to have to choose between food and insulin.
Now insulin is regulated, but this drug is not
@@MetaView7 Great background info!
One fat American must COST more than 7 fat Chinese or 7 fat anybody. That is how you keep the namerican GDP at the top of the chart.
Because a fat american weighs 300 lbs while a fat chinese weighs 200 lbs.
This is why Purchasing power parity (PPP) is the correct measure of GDP. A Chinese buys a car for $10 k and an American buys the same car for 40k and we stay that 40k car has more value then 10 k car.
Don't discriminate fat people, not only fat people has cancer ok. Wise up
@@sneakymove
Watch, listen and LEARN from the video. It is not about discriminating fat people but how uass conned the world.
@@biggychaka6780 🤣🤣🤣👍👍👍
That price difference is disgusting and totally immoral. Great content.🇮🇪🇵🇸
Love the irish ❤
@@remix-yy1hs Thank you my friend ☘️
Love to my Irish brothers (from Wales)! You guys are a beacon of light in this crazy world!!
@emrebennett2857 Thank you my friend ☘️
Your channel is gold 👍
You keep coming out with Truth.
"Truth"
Thank you again Kevin! It's mind boggling what my friends and neighbors here in very rural Texas believe. Stay well and safe sir.
American here. US/Western propaganda was at it's best until recently when Gaza and Ukraine blew open all the lies the oligarchy and plutocracy have been telling us. I was a victim of this until recently with the attitude, West is Best and US could do no wrong. When the ruling/donor class uses their hidden but powerful hand to direct this country (President/Congress are ultimately ceremonial figureheads, fearful of losing their elections if they don't do what they're told to do) against the majority of American people's interest (I'm tired of being told there's no money for potholes or the homeless but we don't have enough F-35s or aircraft carriers...) they have to continuously lie to us and keep us ignorant to keep control. We need regime change in this country and reformed Republican and Democratic parties aren't the answer.
Americans are screwed biggly.
and the Brits are not far behind them 👍
And the screwing is about to get bigglier and bigglier....
biggly
You mean we are biggly dumb!
Hahahaha @@Andy1805-y8w
Now you know why US nominal GDP is so high. It's all smoke and mirrors...🤣
Partly. Yes.
US nominal GDP is all based on Wall Street numbers and the military-industrial complex numbers. It doesn't take a rocket scientist to understand why China's economy passed the US in 2014 to become #1 in purchasing power parity (PPP) metrics as most economists say PPP is where the real economy is.
One could only say that it is a terrible and miserable time to be alive and get sick in the United States.
For most people who have health insurance you have to carry a lot of debt if you are struck with a major disease. Most insurance sold in a America have so many holes that they are almost worthless. Car and house insurance are also moving in that direction.
MRI in Phoenix, AridZoneA, 2004: $1k.
3 MRIs in Svitlovodsk, Ukraine, 2011: $250. (Plus 100km ride).
mri scan in China paid privately cost 500-1000RMB($70-$140) 2024. If you have public insurance, government pay 85% of the total price.
An MRI in Canada is 6 months. 😢
MRI in the US cost 100x than in China
In India is MRI cost less than $100 in private hospitals and cheaper in government hospitals🎉🎉🎉
How very sad American pharmaceutical companies have become.
To profit from the sick to that degree is beyond acceptable behaviour, surely?
Not in the US
American pharma companies behave worse than vampires lol.
There goes the commercial ringing in my ears "side effects includes yada yada death yada yada..." in soothe sounding background yoga music😂😂😂
not under capitalism
A sick patient is more profitable than a cured patient for US pharmaceutical companies
Americans are done. People here are working for healthcare and fast food.
One wonders how much USA gdp is overinflated, seems ten is a reasonable assumption...
USA has to borrow 1 trillion every 100 days to keep the ponzi scheme going
I sure as heck don't need American products like sports and entertainment that says it's OK for 10 year olds to model their behavior on gay cartoon characters.
Corruption is the reason of higher prices in America, where money goes to not only importers, sales agents, but also to pockets of many government officials who have approved the drugs to be used in America. How many government officials ? Many, and would never be disclosed.
And don't forget those PAC and SUPER PAC donations which get them elected so they can make laws which allow corporations to do what they want. Look at miners. They can tear the earth apart. Miles down and across. After they rape the earth of all the minerals, they just walk away leaving leach fields, canyons, and barren land. Same with corporations. Soon you will see all those investment bankers walking away with your decades of retirement savings. Because those units you bought in their funds, belong to them... not you. That is what the law now says.
Because of revolving doors ... those "government" officials come from the industry they are supposed to regulate. After the government service they go back to those industries at huge salaries ... that's how most of the bribes work so it's 'legal'.
Yes, for instance, if an OTC drug/supplement is very effective and affordable, the FDA will try to take it off and make it into prescription only.
"Power makes Money, and the Money Makes Wars"
The talk of de-risking and decoupling from China is just talk. Pharmaceutical companies will continue to import and simply pass the tariff cost onto consumers.
Why would you even bother to put a tariff on something that you need that you don't produce.
Our politicians are talking from the wrong end of their physical selves.
Maybe until the day when China says "Sorry! ALL our production is going to the BRICS? Belt and Road Countries.." (and those countries will have had a work in their ear to only order what THEY use at home.... no exports under the table)
They hope people will be dissuaded from buying foreign/Chinese products so a related industry will pop up in the US and we will have jobs here (screw comparative advantage!) no matter what the cost of the US products will be. Since the US economy is now a services/financial based economy, getting these industries back will almost be impossible, especially if you need to import tariffed raw materials and that's assuming the people in control of the overseas supply chains will be allowed to sell the stuff to you. However, Trump's supporters will support him no matter what and follow him off the cliff as they've mostly voted on the basis of race and forgone common sense.
Everything that is made in China should be labeled made in America to make the American people happy most don’t read the labels anyway I didn’t know that so much drugs have a Chinese connection like everything else this is still the most educational channel around ❤👍
We do read the labels and lying to people to make them happy is criminal behavior.
We just had an election because we read the labels and we don’t want Chinese products.
The mark up in the US is absurd. I feel for US citizens who are unwell. How they can afford to be sick is beyond me
For an individual, 90+% of the population are unable to. That is where the Health Care system comes in. It is to distribute the financial burden( tax, scaled up profits ) to the mass of the healthy ones. It is a Ponzi Scheme on the healthy americans for Big Pharma.
With one health crisis you need to be ready to sale your home. No joke. Imagine the mental stress.
@pb3392 I honestly can't imagine... I have heard health issues are a big contributor to people in the US becoming bankrupt and homeless
China is a catalyst for global growth. China is a blessing and benefactor to the world 👍♥️🇨🇳
That was an "eye-opening" episode!
Being a factory is the worst position in the supply chain. I've had lunches with factory owners where they claim they get $1 for a product but finds that it gets sold for $16 retail in the ŰȘ. Factory making iphones in China also has only 5% of the pie. Most goes to apple company. Ruthless.
Meidical expenses represent a big chunk of US GDP, 17% plus. Everything is overpriced. Even the houses you own is conunted as rental income. USA no. 1 !!!
Don't worry, they'll just sack half the Government workers to make sure the Drug company execs make their bonus
Great reporting. Thank you so much!❤
They are telling you what you want to hear not what they will do. Lying is their best skill.
Who is "They"?
@@rogerstarkey5390those pharmaceutical companies and the US politicians
@@rogerstarkey5390the zionist in your government. All.of your government are zionist. I feel sorry for you.
@@rogerstarkey5390 was I mentioned your name?
Wow, mark up to the next level. Thank you for the information
Thanks for the report I will be sharing it. I have been telling people in the usa how cheap drugs are here in Cambodia for the last 20 years and some people do not believe me.
I have to say that this sounds realy bad out of context.
@@darthjarjarbinkstherealsit6832 Meaning?
@@vgstb Wanna come to Cambodia and by cheap drugs?
The Main Stream have bamboozled relentlessly most people for so long, it is almost impossible to detox your friends. Unless and until they travel out of the country to see for themselves. In the meantime, you WILL still be a voice in the wilderness.
It´s like a nice song when you put out the truth. Lovely news update! Cheers from Sweden!
The prices are scandolous!!!
The medical cost in US is no joke.
the best antidote for obesity is diet and exercise, better and cost saving
Freedom of making money from the poor and sick
Farming,eduction,medicine……all Kevin give us all。Thank you
Jaw dropping usa prices.
What if China itself stops selling critical medicines going to the US and Europe, except with high tariffs?!
Why stop? The buyers still need the critical durgs, and they are willing to pay the tariff to their own governments. Chinese firms still sell at the same price and make the same profit. Why force buyers to look for supply elsewhere? If the government wants to ruin the lives of their own citizens, China will not interfere with other's internal affairs.
US voters are like children who are lied to with the promise of candy.
Thanks for sharing and surfacing the truth. 👏👍
Mengungkapkan kebenaran tetapi rakyat Amerika itu pengecut hanya membual ini dan itu. Mereka Tau sedang di perintah oleh para ditaktor. Tapi mereka merasa mempunyai kebebasan 😂😂 kebebasan apa yang kalian punya jika wanita keluar malam sendirian sajah tidak berani. 😂😂 Demokrasi Amerika = Demokrasi 💩
Beautiful river. Very peaceful looking. I should go visit there.
You fly or take HSR to Guilin, Guanxi province. This is a tourist small town of 800,000 people. From there can purchase tour tickets to many places in the area. Millions go per year. My wife is from Guilin.
Love the content
Being sick in America has its cost if you want live as long as possibly you better have lots of money.
Yes I seen my own coworker in medical debt it's so hard to see.
As someone pointed out "NO people don't become more conservative as they get older, never have. Just wealthy [conservative] people live a lot longer than miners and steel mill workers or poor people"
Which is why I'm working hard in my 30s and praying nothing bad happens. Then I'll have a nest egg to invest and can live where I like.
@@tnix80make sure to have exercise routine for life, and also fasting
@@peanut0brain I live in Burgas Bulgaria now. $165 a month rent for a beach front apartment, 10% flat rate income tax, free quality healthcare, busy thriving high streets, 300 days of sunshine a year.
I keep trying to explain to people around me for years now that you can't have capitalism in healthcare: it's like having capitalism in policing or firefighters. Imagine you need to call all the neighboring firefighters to get a better quote while you have a fire, nonsense of course. Same thing imagine getting the best quote from police officers while you have a serious trouble! Same for healthcare. People are too used to things "as is" to challenge them. The healthcare industry is in the business of making money, one would say it's legit. The problem is that goal is rarely on the same side as making us healthy. Hence the results we have now.
You are a decent gentleman with a big heart❤
Perfectly stated…. Do they accuse you of being a socialist?
What I don’t understand is, how does the propaganda work so well in a country where everyone distrusts the govt and the corporations…. And where is the rebellion?
surely you meant to say you cant have healthcare in capitalism ))
wake up, police is already up for sell, or explain why the crime rate difference between the rich and poor neighborhood.
@@ukxie Thank you!
Just one small note.. Merck on the graph at 5:00 is a German company named Merck.. The Company mentioned afterwards is the US Merck company, known in Europe as MSD.
Great video as always!
Thank you so much for your investigatory work, and for showing us the facts.
Well.. the obvious reason for the massive gap is there is no price control on medicine in the US. The companies can charge whatever the market will bear to maximize profits. In the case of cancer drugs, they KNOW patients will bear quite alot because well.. if they don't they die.
Patients cannot bear they just go deep into debt. Medical debt is increasing and is now as common as others forms of debt like mortgages, car loan and so on.
Admirable work as always sir.
Whao!! Your data and analysis on price differentials on same medicines made me think about that recent murder of CEO of UHC (health insurance company inUSA)😢😢😢
I live in America and i know one thing. DO NOT GET SICK.
If you ever come to China, make sure you get your health needs sorted out before returning to the US, especially dental and cardiovascular treatment!
Another excellent informative clip, at the accustomed high quality. Thousands thanks for the great work!
You do a great job with your well researched information. Thanks for that!
That title wins RUclips today. 😂🤣
This is crazy.
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No, It's corruption
When you have a political system based on legalised Bribery (AKA "Lobbying") and that system would have to voted out by those who benefit..... It's not going to be voted out?
Well done beautiful Blue Moon Valley.🙏👏👍👊💯🔊🌹🇨🇳
No kidding, that is the sole parameter why USA GDP is higher than that of China😂
Yes, at least partly. GDP is a very dubious number when you look at it closely.
@@randygraham926plus everything they print is also counted as gdp
Yes. Great information. Spot on. The true reality is totally different than in dreams.
Good morning, its okay to smile once in a while in your videos! 😅 Thank you for keeping us informed.
I LOOKED UP THE WORD GREED IN THE DICTIONARY AND THERE WAS BUT THE PICTURE OF AN AMERICAN FLAG
Search "Ren, Money Game" and watch all 3 parts in order.... A perfect analysis of the US system (and others)
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Yes USA
This is why GDP PPP is the best way to compare different countries. And.... Yes China GDP PPP is higher than USA's.
Yes, if a patient gets cancer in U.S. and has to pay $5 million for treatment ... versus $50,000 in China or Australia. Then it makes U.S. GDP go up a 100X ... in comparison to China an Australia. So it's a very dubious statistic.
I looked it up but China is not in the top ten and higher then US. Still need some work .. or is it Western published statistics!
@@mchbayern1075 What? China is rank 1 in GDP purchasing power parity. May be you confused with GDP purchasing power parity with GDP purchasing power parity per capita .
Kevin talks with facts. Always with factsheets as proof He is one who worth my viewing time
As a counter measure, China should cut off sales of those drugs that US cannot or does not manufacture.
Thanks for the links. Great video
Thank you. Best wishes.
another fantastic film, thanks again kevin.
You do excellent and useful reporting
Happy Thanksgiving
Thank you 🙏🏽
Great Heading and Great Information, Thank You
Not "just" the active ingredients; China is the go-to source for all elements of Pharmaceutical production, including injection - moulded plastic containers and administration devices, closures, seals, etc. Everything from the smallest components up to bulk packaging solutions, as well as all the excipients the Industry uses on a daily basis.
“In America, anyone can become President, that’s the problem.” - George Carlin
George had foreseen the possibility that any crook, any unqualified nob head, any corrupt politician, any delusional person etc, can put themselves up for the job!
I'm a believer in free markets and free trade. A capitalist to be simple. And I hate to sound like a socialist. But these drug companies are providing the best example yet of profit before people and outright exploitation of the common man. Hopefully, RFK sees this.
It’s a big IF if he actually gets confirmed by the senate for any appointment, and even if he does, his boss won’t let him make policy, only implement it.
@ericwanderweg8525 Things need to change. We're getting fucked.
Glad to see you calling this out! Many US churches even refuse to do this in their blindsided defense of capitalism!
It's the same business model all around. Apple attained the highest market cap for a while by paying Foxconne a low price for each iphone, then selling the most expensive cell phone.
it seems like those Tariffs are already taking Effect!!! i went to Target the Retail Giant to try buy some Safety Glasses 3 months ago they were$2,99 or so +taxes! now they went UP to $$7,99 Plus taxes and they are the Cheap Kind!!! INSANE!! Who Benefits????/
What a nightmare.
_All_ medical costs in the US are sky high. Supposedly Americans have over $200 billion in medical debt. It's probably a lot more than that.
The cause of the price differential between products in the US and China is the legal costs associated with supplying products to the US market compared with the legal costs associated with supplying products to the Chinese market.
What? The fda is the most corrupt revolving door in usa. 😂😂😂
❤ thank you so much, and lots of drugs are not available in USA due to agencies of Washington, anyone that has lived abroad knows the lies we live
Those companies who say they wish to "Reduce China Risk" should SURELY be working to reduce PATIENT RISK by ANY means at their disposal?
Am I wrong??
❤❤Thanks Kevin… Trump seems to still think that his tariffs is a way to “tax China”, I am still waiting for Mexico to pay for his imaginary wall… all we can do is sit back and see his tariff backfires.. 🇺🇸🇺🇸💲💲💲💰💰😳😳
A treasure trove of information from what seems to be an honourable source.
Thank you for this info
I keep telling my kid in college that in 2 years when they'll be looking for internships, to look outside the u.s. because the u.s. has become a country of little to no opportunities if you are not wealthy or connected, and even then there are only a few fields of study. And if he finds a job he will become one of many ants sitting around with wages that have the same buying power they did in the 1980's with no benefits and chance of unionizing like they did before corporate america owned our government. The american dream, what a crock of 💩!!! Would someone near musk just slap him up the side of his empty head?!
My friend was told a med shot for shingle prevention was 3K+. He went online and got it for $300. This is in the USA.
Thank you.
Its heartbreaking when a country gouges their sick instead of looking after them.
I remember a good friend of mine coming back from 3 years working in California. He was outrage by the outsourcing to China. As exemple told me about a business friend that had a designer jeans Brand. He had a factory in LA employing cheap hispanic workers and was making over 90% profit. And he was braging about after outsourcing to China he was making 97% of profits. The name of the game is using the Value/Price ratio instead of Quality/Price ratio to established your price. A good PR firm can increase the value of your product in the US consumer to the sky.
"Weak men attracted to money"
"American exceptionalism on radioactive steroid"
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thanks for the info 👍
Thanks!
Freedom to charges, value cherished by American
Something you have to keep in mind is that the spike in drug prices aren't due to the drug makers, but due to the control of the middleman by the insurance industry. That's why every drug is more expensive here.
and now you know why processed foods && GMO grains have never been banned in America ...
Appreciate Kevin's wry humor - 1 fat American is worth more than 7 fat Chinese.
Thanks for the truth bombs..... it's smoke and mirrors everywhere.......
The price for WeGovy without insurance is $650 as of November 2024.
That 7x to 30x price increase from China to America for the exact same medication is why America's GDP is nominally 4 to 5 times higher than China, but not 4 to 5 times better. It's why GDP needs to be normalized to local currency like the Big Max Index and PPP measurement to be even slightly close to reality.
*OZEMPIC* is about $85 a month here in my EU country
For those drugs, How much do patients pay after insurance coverage?
This is what happened when you privatized the government. The US has uncontrollable capitalism, where the gov itself is privatized and owned by giant corporations. This is the democracy the US wants to exports to other countries.
How else do you get more lawns to mow?
Happy Thanksgiving today in the USA! Have some turkey in China, sir.
Yes, Chinese do celebrate Thanksgiving like they do with X’mas, the only difference is their turkeys are moist. They have cracked the code on delivering moist turkey like the have cracked the code on manufacturing 😂 Deep fire to seal in the juice seems to work 😉
Kevin you don’t have to compare the price with China, I am Canadian, just compare the same drug with that in Canada, it is the same scary difference.
That's why the US' GDP is bloated with inflated health care cost.