09-23-2015, 02:25 PM
Quote:https://np.reddit.com/r/worldnews/commen...gs/cvab97p
Speculation is now that he has been intentionally manipulating the market to facilitate insider trading.
I hope it's true and this snot gets taken down
Quote:https://np.reddit.com/r/worldnews/commen...gs/cvab97p
Speculation is now that he has been intentionally manipulating the market to facilitate insider trading.
Quote:There are problems with the healthcare system in America but I thought the ACA would fix those issues.
I ve had government healthcare (The VA) and I ve had private health care.
Trust me you do not what the government to control the health care system in this country.
If the government cannot run the VA just imagine what it would be like if the government controlled everyone's healthcare.
Scary.
Quote:https://np.reddit.com/r/worldnews/commen...gs/cvab97p
Speculation is now that he has been intentionally manipulating the market to facilitate insider trading.
Quote:
The company obtained rights to sell the drug, the only U.S.-approved treatment for toxoplasmosis...
Quote:
Turing had said it would use profits to improve the drug's formulation and develop new, better drugs for the infection. It also stressed that some patients can get financial aid from the company to obtain the drug.
Quote:
"Why was it necessary to raise the price of Daraprim so drastically?" CBS News correspondent Don Dahler asked Shkreli.
"Well, it depends on how you define 'so drastically.' Because the drug was unprofitable at the former price, so any company selling it would be losing money. And at this price it's a reasonable profit. Not excessive at all," Shkreli responded.
Quote:agreed..
Only advantages in the US is the ability to get next day surgeries and extremely specialized treatment. I think there should be a base level of care provided with the ability to get private care as well at an additional cost. I don't see why there cannot be both systems at play at the same time.
Quote:Private competition doesn't work in a market such as healthcare as there is no alternative.
You would think American healthcare would be the most affordable given the free market nature compared to those pesky socialist healthcare systems.
Quote:So reddit is the source? Really?
I would point out this article by FOX News that references this article from CBS News. This isn't "big pharma" doing this, it's a startup company. Perhaps it's a startup company that is actually creating jobs, you know, something that has been pretty stagnant over the last 7 years.
A couple of quotes from the CBS News article.
Perhaps that points to regulation?
Further from the article.
So in order to develop a better drug, they have to make money.
More from CBS News.
So taking a drug that loses money for a company and trying to profit off of it is a bad thing? Should they just give it away? Another point to look at is in the former quote from the article that I posted. How is a company supposed to survive and develop new and better drugs if they aren't allowed to earn a profit? One other aspect to look at is why does it cost so much to develop and bring new and/or better drugs to market? Could it be because of regulation?
Quote:One thing the people here citing other countries ignore is that other countries regulate the price of drugs. In order to research and develop new drugs companies have to charge a lot more than the manufacturing cost. Right now the US is the only country that doesn't regulate drug prices. If we do so, there will be no place where the drug companies can sell their products and still afford to research and develop new and better drugs.
Basically, US citizens through their higher health care costs are subsidizing the socialist systems in other countries. The price of health care in other countries would be a lot higher without the US, and there would be a lot less new drugs coming to market.
Quote:Yes.I really don't even know what to say to this, so let's try it another way:
Quote:I really don't even know what to say to this, so let's try it another way:
Your child is dying. There's a pill that will save them, but it costs $100k. You're willing to give the manufacturer every penny you have, but it's not nearly that much. The manufacturer refuses, and your child dies.
Are the manufacturer's actions ethical? Would you simply nod your head and get on with life, holding no ill will, because the manufacturer chose to put the pursuit of profits above your child's life?
Quote:Of course I would hold ill will, that doesn't mean they should be forced to even discount their product. There is no reason one person should have the right to something someone else owns, even if it means life or death. Business is not a social program and medicine is, above all else, a business.
Quote:Further proof that our health care system is jacked up. This is what happens when you have a capitalist health care system. It doesn't work. And I'm not trying to make this one example bigger than what it is. The whole system is screwed. You realize we have over 700,000 people go bankrupt every year because of health care related bills. That's criminal.
Quote:medicine is, above all else, a business.
Quote:Actually, most manufacturers give significant discounts to those uninsured individuals who pass the means test. You get a card that you take to the retail pharmacy and they process it like insurance.
Quote:One thing the people here citing other countries ignore is that other countries regulate the price of drugs. In order to research and develop new drugs companies have to charge a lot more than the manufacturing cost. Right now the US is the only country that doesn't regulate drug prices. If we do so, there will be no place where the drug companies can sell their products and still afford to research and develop new and better drugs.
Basically, US citizens through their higher health care costs are subsidizing the socialist systems in other countries. The price of health care in other countries would be a lot higher without the US, and there would be a lot less new drugs coming to market.
Quote:Why should the U.S. be the world's guinea pig?
Quote:"pro life" but saying screw life its all about the $$$... Not sure how people deal with those mental gymnastics.Fetuses are cute. Minorities on welfare are not. Problem solved.