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re: Treatment for infant muscle wasting disease to hit market. potential price: $2 million
Posted on 5/7/19 at 6:30 am to East Coast Band
Posted on 5/7/19 at 6:30 am to East Coast Band
Seems cruel but these people don't work for free either
ETA: I'm not saying it's right, this is 100% because they know the insurance companies will either cover it or the government will subsidize it. It's a cruel circle
ETA: I'm not saying it's right, this is 100% because they know the insurance companies will either cover it or the government will subsidize it. It's a cruel circle
This post was edited on 5/7/19 at 6:39 am
Posted on 5/7/19 at 8:17 am to mylsuhat
quote:So their reasoning for the price is justified? No one is making them give it out for free (but that is a entirely different subject), but the only reason why the price is so high is based off the potential of that baby and not the actual cost to make the medicine. Also is this where we want medicine to go (it is already down this path for sure), where people produce medicine with their primary goal of not helping/curing people but to maximize their profits. True medicine shouldn't be able making profits but about helping/saving lives.
Seems cruel but these people don't work for free either
Posted on 5/7/19 at 12:57 pm to mylsuhat
quote:you're right they get government grants
Seems cruel but these people don't work for free either
Posted on 5/7/19 at 3:08 pm to mylsuhat
quote:
this is 100% because they know the insurance companies will either cover it or the government will subsidize it. It's a cruel circle
Wrong
This is 100% due to the fact that this medicine coat a lot to develop AND is a low utilization med.
If a Rx costs $2B to develop, but will only have a few thousand users per year...this is what happens.
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