Why You Pay Way Too Much for Bad Medicine

[noah way]

The Drug Market Scam: Why You Pay Way Too Much for Bad Medicine (And Bernie Sanders' Solution)

 

[lordofthereef]

Interesting.

Seems like EVERYONE would eat the rise in insurance rates though, not just those that benefit from the use of these drugs. Don't get me wrong, I don't mind. But it is something the opposition will be sure to point out.

 

[copestag]

anyone who believes this garbage should really learn to read and comprehend a few things

of course its the liberal way to blame the mean old rich guy running the drug company for the reason drugs cost so much....... it has to be those greedy companies wanting to actually earn money for their work

I have an idea.. lets take away the ONLY incentive a company has to spend BILLIONS in research and develop a drug....... instead lets hope that companies will be willing to take huge losses and fold up out of the kindness of their own heart so lazy trash can get cheap drugs

whos going to create these drugs after year 1 when all the other companies go bankrupt????

 

[noah way]

"Should Medicare pay $100,000 a year for a drug to treat a rare cancer in an otherwise healthy 80-year-old? This dilemma becomes a quick no-brainer when the drug is available for $200 a year in the free market with no patent protection."

Good question. The so-called free market - operating without competition under government rules that create private monopolies - radically drives up the cost of insurance, general health care and Medicare.

Cost of drug that prevents premature birth to rise from $10 to $1500

Drug maker lowers price of Makena pregnancy drug to $690 per dose

"... the experience with Makena showed that a previously inexpensive drug could increase in price dramatically, from about $10 to $1,500 after the FDA regulated its marketing, approved it as orphan drug, and granted it a temporary monopoly status, although it had been on the market for five decades."

"70% of FDA panels writing clinical guidelines on prescription drug usage contained at least one member with financial links to drug companies whose products were covered by those guidelines."

wiki (Criticism of the FDA)

 

[Sak01]

I have an idea.. lets take away the ONLY incentive a company has to spend BILLIONS in research and develop a drug.......

The profit incentive is still there. The proposal advocates setting up a fund to buy out patents from drug companies. So they've still got a pot of gold at the end of the research rainbow to motivate them.

And it also suggests an added benefit for drug companies is that with all patents available to them, they don't need to waste time and money researching a copycat drug that a competitor holds the patent for.

It's an interesting proposal. I don't know enough to say whether it really is a good idea but you should give it a read before writing it off.

 

[G.Armour]

I will tell you why, it's the same as for gas and everything else.. The rich are getting richer and the poor are getting poorer.

 

[ElasticNinja]

You know, it took just a few days for scientists in the UK, Germany and France to figure out the new E.coli strain
All have Universal healthcare Copestag.
Switzerland and Sweden both have one of the highest R&D/GDP ratios in world
The former is home to two massive Pharma giants
Both have universal healthcare Copestag.

So perhaps Copestag, YOU should really learn to read and comprehend a few things

 

[copestag]

yawn

 

[noah way]

Seems like EVERYONE would eat the rise in insurance rates though, not just those that benefit from the use of these drugs. Don't get me wrong, I don't mind. But it is something the opposition will be sure to point out.

It appears that the opposition immediately dismisses any and all information that challenges or conflicts with its belief system.

 

[vailpass]

LMAO This old line again? Seriously?

 

[Bugly]

nothing new under the sun, apparently....

 

[noah way]