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Started By
Message
Should there be price controls on life saving medicine?
Posted on 5/7/19 at 10:19 am
Posted on 5/7/19 at 10:19 am
If a single company holds the patent for a medicine that is needed for some people to survive, should the price of that medicine be regulated?
43
Posted on 5/7/19 at 10:21 am to weagle99
Nope
Posted on 5/7/19 at 10:21 am to weagle99
No. Price controls never benefit the common good.
Posted on 5/7/19 at 10:22 am to weagle99
quote:
Should there be price controls on life saving medicine?
I'm on a waiting list at my pharmacy for fricking epi-pens.
Posted on 5/7/19 at 10:22 am to weagle99
If you put price controls on meds there will be no new meds.
Posted on 5/7/19 at 10:24 am to weagle99
Sure, but then you can't tax them on it.
Can't have it both ways - can't have folks innovate, take risks of failure, invest, produce and then say, "Whoa - we're taking that from you at this arbitrarily decided upon price".
Marxist tripe. The market is a genius. It's how we have nice things. Innovation has a cost and over time becomes essentially free (or nominal).
If you want to stifle innovation, go ahead and introduce price controls.
Can't have it both ways - can't have folks innovate, take risks of failure, invest, produce and then say, "Whoa - we're taking that from you at this arbitrarily decided upon price".
Marxist tripe. The market is a genius. It's how we have nice things. Innovation has a cost and over time becomes essentially free (or nominal).
If you want to stifle innovation, go ahead and introduce price controls.
Posted on 5/7/19 at 10:24 am to weagle99
One side of me says no, and another says that many of these companies abuse it too. Especially since we are paying higher prices to subsidize other countries that have universal health care.
We def need to find a way to get the situation figured out.
We def need to find a way to get the situation figured out.
Posted on 5/7/19 at 10:25 am to weagle99
No. Then there would be no R & D and thus no life saving medicine.
Posted on 5/7/19 at 10:28 am to weagle99
If you want pharma companies to stop making life saving medications, then that's the best way to make sure it happens.
Posted on 5/7/19 at 10:29 am to Sweet Pickles
quote:
If you put price controls on meds there will be no new meds.
I get that but medical shite is out of control. I spent one night in the hospital 5 weeks ago and I just got the bill from UAB and it was 18,929.59. My old doctor prescribed me a medication last year and when I went to pick it up the pharmacist met me before I could get to the counter and was laughing and said he didn't fill it because my cost was going to be 349.00 after insurance paid.
Posted on 5/7/19 at 10:30 am to weagle99
No, but we should definitely reduce the length of time a company can hold a patent or a copyright. Would have a much better effect.
Posted on 5/7/19 at 10:32 am to MrLarson
quote:
I get that but medical shite is out of control. I spent one night in the hospital 5 weeks ago and I just got the bill from UAB and it was 18,929.59.
Thanks, Medicare.
I assume this is billed charges and/or you are self-insured.
Posted on 5/7/19 at 10:33 am to imjustafatkid
quote:
No, but we should definitely reduce the length of time a company can hold a patent or a copyright.
10 years too long?
Posted on 5/7/19 at 10:35 am to weagle99
quote:
Should there be price controls on life saving medicine?
no, if you do then there wont be the next life saving medicine.
whats the rate for success vs failures in developing medicine? how many years, how uh man power, how much R&D costs before you get a successful drug? If the company can't turn a profit worth the risk, they will not have new drugs
Posted on 5/7/19 at 10:36 am to the808bass
quote:
10 years too long?
Sure. Reducing it to 10 years would be a decent move.
Posted on 5/7/19 at 10:37 am to TOSOV
quote:
Especially since we are paying higher prices to subsidize other countries that have universal health care.
if they sell it cheaper overseas, then they need to have the same rate here...
so choice is to sell it everywhere cheaper or dont sell it over seas.....
Posted on 5/7/19 at 10:40 am to tigeraddict
quote:
whats the rate for success vs failures in developing medicine?
10%ish
quote:
how many years, how uh man power, how much R&D costs before you get a successful drug?
12 years (patent life is 20 years, starts at registration, not approval)
More than a few drugs that get approved don’t even recoup their development costs. All drugs that don’t get to market don’t recoup their development costs. Science.
Posted on 5/7/19 at 10:40 am to weagle99
Go ahead, restrict that too.
But realize that there will be consequences. Innovation and technological breakthroughs will slow, and likely halt altogether.
But realize that there will be consequences. Innovation and technological breakthroughs will slow, and likely halt altogether.
Posted on 5/7/19 at 10:41 am to imjustafatkid
quote:
Sure. Reducing it to 10 years would be a decent move.
That’s about what it is now. There’s a 20 year patent life. It takes between 8-12 years to clear approval.
Posted on 5/7/19 at 10:41 am to weagle99
Are you saying that everyone should have unlimited care, regardless of the costs?
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