• Making Drugs Cheaper Without Stifling Innovation - [Healthcare Triage]
    4 replies, posted
[video=youtube;XTl8JCvSqec]https://www.youtube.com/watch?v=XTl8JCvSqec[/video]
This isn't going to make my cocaine any cheaper. :(
[QUOTE=Peach;50971611]This isn't going to make my cocaine any cheaper. :([/QUOTE] well not with that attitude it wont
Overall, I like the idea of favoring more cost-effective drugs instead of exorbitant pricing using the lowest or the average of prices for a particular drug class. It should, if common sense can still apply to business, be a win-win for both patients and drug manufactures (By being smarter/leaner with their manufacturing process and diverting less important research projects to more life-critical applications, all while having fiercer competition by who can deliver the better service). By that same token, I hate to be a conspira-nut but given some of the bullshit here in American media/politics, I would think that some drug manufactures would lobby the shit out of the FDA to remove some cheaper equivalents in order to secure their own bottom lines.
Sounds like reference pricing is a good idea but the video fails to mention why the US doesn't have it. Part of the reason is that US insurance companies and the US government don't bother haggling down the price of drugs as much as European countries. Y'know, spending other people's money and all that. Medicaid isn't even allowed to negotiate prices itself. [URL=http://www.forbes.com/sites/matthewherper/2015/10/13/four-reasons-drugs-are-expensive-of-which-two-are-false/#2b52627f48a5]Here's[/url] and article explaining why drugs are priced the way they are. It's a long article but it really gets to the core of the argument (bottomline; people are still willing to pay what's being charged and drug development is hard and if there wasn't a chance of a massive payout at the end, it wouldn't happen)
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