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Re: Marathon Pharmaceuticals to charge $89,000 for muscular dystrophy drug after 70-fold increase 

By: Zimbler0 in POPE IV | Recommend this post (2)
Tue, 14 Feb 17 5:58 AM | 48 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 20591 of 47202
(This msg. is a reply to 20549 by monkeytrots)
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>>
3. US government regulations are so overbearing that they drive costs up astronomically.
>>


I seem to remember reading somewhere (and I don't
remember where, nor can I find it again . . .) That
the reason why some drugs are 'overpriced' in America
is that somebody in the regulatory department decided
that they were going to increase the quality of drugs
by 'sole sourcing' them. As in somehow, as if by magic,
'they' could make drugs so much better if only there
was just the one supplier.

But, we greedy capitalist type pigs know that if there
is only the one supplier . . . the price will go up
till folks either scream loudly enough, or folks go
find something else. (Or do without.)

And we of the conservative type know that 'screaming loudly'
enough leads to the sort of socialist stupidity that
eventually collapses under the weight of its own red tape.

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Re: Marathon Pharmaceuticals to charge $89,000 for muscular dystrophy drug after 70-fold increase
By: monkeytrots in POPE IV
Mon, 13 Feb 17 6:44 AM 		Msg. 20549 of 47202

>> Zim: I don't think the drug makers need to 'justify'
their prices . . . I think there ought to be generics
in direct competition with them.

Zim, it would seem, from your examples, and the test those high school students ran on the 'cost of the ingredients' and 'simplicity' of manufacture, that there would be astronomical profit potential in making ALL drugs that are candidates for generic equivalents.

Thought experiment: Given the above hypothesis, Why aren't generics of very low cost available for all such candidates ?

Possible answers:
1. Big Pharma have such a lock, and monopoly on the entire drug system that small entrepreneurs are completely locked out.

2. There are other manufacturing, distribution, advertising costs, other than that of raw ingredients, which remove any reasonable profit from the picture.

3. US government regulations are so overbearing that they drive costs up astronomically.

4. US court system makes the liability of a single $50 million to $100 million dollar lawsuit so likely, that costs are driven up astronomically.

5. US insurance industry, in light of a litigious society, charge liability coverage prices that drive the costs up astronomically.

6. Combination of all of the above, or other factors, than just 'greedy drug manufacturers' account for the lack of 'cheap generic equivalent' drugs.

The high school experiment is interesting ... but very limited in scope for the real world.

Bottom line, Zim - Do you really believe the capitalist system is so broken and corrupted that if good profits could be made, somebody wouldn't be doing it ?

Or is it that WE are pounding on the wrong deviants (ie. the drug companies) when WE demand lower prices ?

It could be that US is at fault - and no amount of legislating 'lower prices' is going to fix the problem.

It could be that UnConstitutional Bureaucracy and SOCIETAL NORMS (ie. litigation unlimited and the 'something for nothing' free lunch anarchy mentality) have to be changed.

When the risks are too high, the rewards are not worth it.

Could it be RISKS that are the problem, and not COSTS ?

Just sayin ...

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