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The Most Unconscionable Drug Price Hike I Have Yet Seen

54 点作者 tshtf超过 10 年前

9 条评论

rickdale超过 10 年前
I needed some anti fungal cream this summer. My doctor informed me that the cream used to be under $10, but the big pharmaceutical company bought up all the generics and now the cream is $120.<p>More interesting, I got the same story from the pharmacist at rite aid. She couldn&#x27;t believe I was going to pay for that and then she said, &quot;People are up in arms over lots of stuff, but this right here is a crime that no one notices. 5 months ago you would have paid a lot less.&quot;
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exelius超过 10 年前
This is an example of an arbitrage opportunity. It&#x27;s a necessary evil of capitalism, and unfortunately, our government has decided that free market capitalism is an appropriate system to use for health care.<p>Arbitrage can be explained as thus: you have an opportunity to buy $1 for $0.75. How many dollars do you buy? The correct answer is &quot;all of them&quot;. In this case, a drug had a sale price of $3 and a market value of $150 per pill (established by its competitor), so an investor basically purchased &quot;all of them&quot; and resold them at a higher price.<p>If your goal is maximum economic efficiency, arbitrage is necessary. It allows companies to make decisions with the goal of maximizing profit (i.e. maximum economic efficiency) in moral hazard situations: if something is legal but morally dubious, if they don&#x27;t do it, someone else will force them to. This is necessary because every individual has a slightly different idea of what is &quot;right&quot; and what is &quot;wrong&quot;. Businesses don&#x27;t have morals because they&#x27;re not people. They are amoral, and arbitrage is the means by which that amorality is maintained. If a person wishes to exercise their moral calculus, they are free to do so when making investment decisions.<p>I don&#x27;t believe that to be the case with healthcare. In my opinion, healthcare is a sector that really shouldn&#x27;t operate along capitalist principles because the goal of a national healthcare system should not be to maximize economic efficiency: it should be to maximize the health and well-being of its citizens. I know that&#x27;s hard to quantify, but it&#x27;s certainly not quantified by the dollars spent on health care. IMO government price controls on healthcare are the only solution to the problem. I don&#x27;t know how that gets implemented, but I do know that the pendulum needs to swing towards socialized medicine if we expect things to get better.
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antidaily超过 10 年前
From linked article: &quot;Thiola, currently sold for $4,000 a year per patient, will be priced closer to rival drug penicillamine, which costs $80,000 to $140,000, Chief Executive Martin Shkreli said on a conference call on Friday.&quot;
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bedhead超过 10 年前
Okay, so the price of the Thiola is ridiculous and unjustified. Who&#x27;s agreeing to pay it??? I don&#x27;t know how this works, do insurance companies simply roll over any time a company raises the price of some obscure drug by ten fold? Why haven&#x27;t the insurers (I&#x27;m guessing no one pays for Thiola out of pocket) balked at this?
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JonnieCache超过 10 年前
Why has this been flagged off the front page?
c0ur7n3y超过 10 年前
<a href="https://twitter.com/MartinShkreli" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;MartinShkreli</a>
holyjaw超过 10 年前
All the text and comments are crossed out with no visible explanation as to why.
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StavrosK超过 10 年前
Can&#x27;t you get generics?
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drpgq超过 10 年前
As a Canadian, I&#x27;m wondering what the drug goes for here.
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