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Price Of Essential Pharmaceutical Drug Increases 5,500 Percent Overnight

#48

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?
 

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.





                                                                          

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Price Of Essential Pharmaceutical Drug Increases 5,500 Percent Overnight - by MalabarJag - 09-23-2015, 09:52 PM



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