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Message
re: Drug Prices (Pharmaceutical)
Posted on 10/15/18 at 9:13 am to lake chuck fan
Posted on 10/15/18 at 9:13 am to lake chuck fan
quote:
Agreed, R/D cost is substantial... but these super pharma corps. make insane profits. Pharma market is such, they set their own price using lobbyist in Washington (FDA) to pay their way. We are at their mercy.
Absolutely true. It's insane to think that these companies are struggling and are forcing to have 1000%+ markup on every drug.
0
Posted on 10/15/18 at 9:14 am to Mingo Was His NameO
quote:
Or LNCHBOX
As if I needed any more proof that I live in your head.
Posted on 10/15/18 at 9:38 am to dfintlyHmmrd
quote:
That is 100% how it works, a ton of these drugs are partially developed or come out of research done at universities funded by taxpayer grants.
Not only this, but its one thing for a brand new drug to be very expensive but something that has been out and cured for 50 years? That's simply a financial mark up due to the American pharmaceutical system.
For instance, my kid got pink eye recently and the first drug the doctor prescribed was $187 for like 3ml bottle. My wife was talking to someone on the florida kid care medicaid for kids and she gets the pink eye medicine for free. Now sure the Government pays for it, but not $187 per. We then got a cheaper option for $17.
Its a racket. As said our costs for the same drugs compared to Mexico or Canada are through the roof, 10-100x more expensive. Their costs include R/D and everything else. Its just they are not allowed to pillage their customers and Insurance companies like in the USA.
Posted on 10/15/18 at 9:51 am to baldona
quote:
We then got a cheaper option for $17
That's your doctor's fault, not the pharmaceutical company's
quote:
As said our costs for the same drugs compared to Mexico or Canada are through the roof, 10-100x more expensive. Their costs include R/D and everything else.
Yeah, they're also subsidized by the government and you cant just go get any drug you want either. Have cancer, want X drug? Sorry to expensive have to get this one that's not as effective
Posted on 10/15/18 at 9:57 am to Brosef Stalin
quote:
Someone has to pay for Canada's cheap drugs.
THIS
Posted on 10/15/18 at 10:01 am to CLane33
Please correct me if I’m wrong but isn’t a lot of this cost tied up in inane research and testing required by the FDA? Like stuff that doesn’t contribute to the successful use of the drug like administrative stuff?
Posted on 10/15/18 at 10:09 am to junior
quote:
Duexis $3000 a year.
It’s ibuprofen + Pepcid.
Seems like any insurance company would say nope... not paying for that. Buy a bottle of advil and a bottle of pepid and take one of each.
Posted on 10/15/18 at 10:10 am to Mingo Was His NameO
quote:
You know how much money it costs to research and develop these drugs? The cost isn't in producing them, it's figuring out how to produce them. The alternative is for them not to exist because they aren't economically feasible.
I'd say you are only half right, but it's the important half. R&D is the biggest culprit, followed up by the long term marketing to get you the end consumer to ask your physician about the drug. But lost in all of this as well is the high level of M&A that goes on in the pharma industry. There is a lot of buying up the smaller pharma companies either by competitors or by guys like Skhreli. They have to recoup their cost for the buy , and as such they jack the prices up for the consumer
Posted on 10/15/18 at 10:10 am to CoachDon
quote:
Price skyrocketed after 2007 to over $600
Wasn't that because of one price gouging CEO who is now in jail, or am I thinking of a different drug?
Posted on 10/15/18 at 10:14 am to elprez00
The FDA requires so much testing of new drugs because of what happened with Thalydamide back in the day. The cost here is much more than the cost in places like France and Germany that do a very good job of producing safe drugs ata fraction of US cost.
Posted on 10/15/18 at 10:27 am to KiwiHead
quote:
The FDA requires so much testing of new drugs because of what happened with Thalydamide back in the day. The cost here is much more than the cost in places like France and Germany that do a very good job of producing safe drugs ata fraction of US cost.
But it was a German company that produced and marketed Thalidomide and the FDA that stopped it from getting approval in the US.
Posted on 10/15/18 at 10:31 am to LuckySo-n-So
quote:it started when the drug companies, hospitals, and insurance companies all became in cahoots.
Drug Prices (Pharmaceutical)
Lately, I've had a habit of looking up the retail prices of all the drugs that are advertised on TV. I became interested after my own experience with a steroid cream I need for a case of eczema. This drug was about $20/60g tube about 6-7 years ago. I've been quoted prices as high as $600 for a 100g tube, but it seems to be about $250 now with a coupon. Price fluctuates.
Posted on 10/15/18 at 10:31 am to CarRamrod
quote:
it started when the drug companies, hospitals, and insurance companies all became in cahoots.
Not really
This post was edited on 10/15/18 at 10:32 am
Posted on 10/15/18 at 11:00 am to KiwiHead
quote:
The FDA requires so much testing of new drugs because of what happened with Thalydamide back in the day. The cost here is much more than the cost in places like France and Germany that do a very good job of producing safe drugs ata fraction of US cost.
This and R/D has absolutely nothing to do with a drug that’s been out for 5-10+ years costing 10x or more in the USA than it does in Europe, Canada, and Mexico among other places.
It’s price gouging. I’ve found the exact same drug in Mexico for 1/10 the cost as it is with insurance in the USA.
It’s because due to our system they can. Now I realize that things like 1 payer systems may get better pricing and have some more limited drug options, but would do things like double a drug cost. It doesn’t explain why a $15 bottle of medicine in Canada costs $150 in the USA.
A lot of it too is them taking advantage of American willing to pay it. Now I realize we need to educate ourselves, but medicine very difficult thing to convince a mother with a sick kid that the $12 bottle of medicine will do same as the $230 bottle. That’s sickening to take advantage of people over.
This post was edited on 10/15/18 at 11:03 am
Posted on 10/15/18 at 11:01 am to CarRamrod
quote:
it started when the drug companies, hospitals, and insurance companies all became in cahoots.
Or, you know, not....
Posted on 10/15/18 at 11:02 am to baldona
quote:
I’ve found the exact same drug in Mexico for 1/10 the cost as it is with insurance in the USA.
No you haven't. You've found a counterfeit or one that was produced without the quality controls that ours were produced with.
Posted on 10/15/18 at 11:03 am to SSpaniel
quote:
No you haven't. You've found a counterfeit or one that was produced without the quality controls that ours were produced with.
Yes I have. It’s been 5 years, but yes it was the exact same thing. To be honest it was actually a tube of cream twice the size.
That’s such a BS lie that you have been fed. For basic things like diabetes people aren’t dying in Mexico and elsewhere in the world because their drugs are not as good.
Just because we pay 10x as much doesn’t make the drug 10x better.
This post was edited on 10/15/18 at 11:05 am
Posted on 10/15/18 at 11:15 am to baldona
quote:
This and R/D has absolutely nothing to do with a drug that’s been out for 5-10+ years costing 10x or more in the USA than it does in Europe, Canada, and Mexico among other places.
It’s price gouging. I’ve found the exact same drug in Mexico for 1/10 the cost as it is with insurance in the USA.
It’s because due to our system they can. Now I realize that things like 1 payer systems may get better pricing and have some more limited drug options, but would do things like double a drug cost. It doesn’t explain why a $15 bottle of medicine in Canada costs $150 in the USA.
A lot of it too is them taking advantage of American willing to pay it. Now I realize we need to educate ourselves, but medicine very difficult thing to convince a mother with a sick kid that the $12 bottle of medicine will do same as the $230 bottle. That’s sickening to take advantage of people over.
I know you aren't stupid, but this is a really stupid take
Posted on 10/15/18 at 11:19 am to CLane33
quote:
The cost to get one FDA approved drug on the market is over a billion dollars.
This is such bullshite.
Posted on 10/15/18 at 11:20 am to ell_13
quote:
This is such bull shite.
How much is it, then?
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