I guess this is called "investment?" https://www.reddit.com/r/news/comments/3lh5tk/company_hikes_price_5000_for_drug_that_fights/ I have a friend in the biomed industry, going to ask her what she makes of this.
Special place in Hades for anyone or any company that behaves in such a way. Yuck! Nice catch Sok. Specifics from your friend would be appreciated. Linked to original follows, for convenience of others in the thread: http://www.usatoday.com/story/news/...s-complication-aids-cancer-daraprim/32563749/
Yeah, I'm fairly anti-socialist, but even I think that healthcare should (at least to a degree) be socialized, because this type of Bane Shift is ridiculous.
I recommend reading the Constant Gardener by John Le Carre. It shows you how ****ed up this industry is.
If this was actually some kind of breakthrough instead of buying a patent for a cheap drug and putting a much higher price tag on it (it costs less than a dollar to make, by the way), I'd have much less of an issue with the price.
I like Australia. "Oh your dying, let me save you" ~ doctors. Not "You have no insurance, goodluck" -murican doctors.
I am happy that in Finland, we have good healthcare. I had a inguinal hernia, had surgery without insurance and cost me less than 150€. I wonder what would be the cost in the US for the same operation without insurance. Edit: Holy firk. I checked the price and it ranges from 3000$ to over 10,000$.
i've often heard that for many operations it can cost less if you fly to europe to have said operation, stay there for a bit, and then fly back. something about that seems off somehow
Hospitals charge more for the same operation if you have insurance. Are they undercharging the self payer or overcharging the insurance company?
I see that you have no idea what you are talking about. Obamacare gave the central government even more power. Insurance companies are making a killing. We the people are getting crushed.
Leaving aside ideology, state funded medical care tends to be more efficient than private. I guess economies of scale come into this. http://www.theguardian.com/society/2011/aug/07/nhs-among-most-efficient-health-services
Good. There have been companies going out of business from media backlash before, thankfully. Three cheers for Indian patent violators, too, providing medicine to those who otherwise couldn't afford it.