Amoxtli@thelemmy.club to Conservative@lemm.ee · 3 months agoThe Ignorance of the Left on Price Control | Thomas Sowellwww.youtube.comexternal-linkmessage-square15fedilinkarrow-up18arrow-down138
arrow-up1-30arrow-down1external-linkThe Ignorance of the Left on Price Control | Thomas Sowellwww.youtube.comAmoxtli@thelemmy.club to Conservative@lemm.ee · 3 months agomessage-square15fedilink
minus-squarejimbolauski@lemm.eelinkfedilinkarrow-up1arrow-down2·3 months agoProfit margins for pharmaceutical companies are typically between 10 and 20 percent in the US, 2020 & 2021 are exceptions as the covid shot boosted numbers considerably. Those are normal profit margins for industry.
minus-squarejimbolauski@lemm.eelinkfedilinkarrow-up1arrow-down1·3 months agoTheir profits are not grotesque
minus-squareMaple Engineer@lemmy.worldlinkfedilinkarrow-up2·3 months ago20% of $1.2 trillion is $240 billion dollars. That is a grotesque amount of profit to make by holding people’s health hostage.
minus-squarejimbolauski@lemm.eelinkfedilinkarrow-up1·3 months agoWhat would you consider a reasonable profit?
Profit margins for pharmaceutical companies are typically between 10 and 20 percent in the US, 2020 & 2021 are exceptions as the covid shot boosted numbers considerably. Those are normal profit margins for industry.
And…
Their profits are not grotesque
20% of $1.2 trillion is $240 billion dollars. That is a grotesque amount of profit to make by holding people’s health hostage.
What would you consider a reasonable profit?