• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Curing Diseased People May be Bad for Business, Says Goldman Sachs

truthatallcost

truthatallcost

DP Veteran
Joined
Aug 1, 2014
Messages
26,719
Reaction score
6,278
Location
California
Gender
Male
Political Leaning
Other
Goldman CEO Loyd Blankfein

4de51bdb4bd7c8b357040000-320-241.jpg


Goldman Sachs analysts attempted to address a touchy subject for biotech companies, cures could be bad for business in the long run.

"Is curing patients a sustainable business model?" analysts ask in an April 10 report entitled "The Genome Revolution."

"The potential to deliver 'one shot cures' is one of the most attractive aspects of gene therapy, however, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies," analyst Salveen Richter wrote in the note to clients Tuesday. "While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow. In the case of hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients. Where an incident pool remains stable (eg, in cancer) the potential for a cure poses less risk to the sustainability of a franchise."

https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html
Click to expand...

I've bolded a very important part of the report, maybe the single biggest bombshell from this- Goldman is saying that by curing patients with Hepatitis C, these patients aren't available to infect other people with the disease, whereas cancer is a more profitable disease in the long run because it will occur in new patients regardless of whether anyone is cured of it.

So how does Goldman get away with treating deathly ill people as nothing more than potential cash bags? Well...

43 out of 50 Goldman Sachs lobbyists in 2016-2017 have previously held government jobs.

Elected Officials WHO OWN GOLDMAN SACHS SHARES

Carper, Tom (D-DE)
Cruz, Ted (R-TX)
Tammy (D-IL)
Frankel, Lois J (D-FL)
Lawrence, Brenda (D-MI)
Lowenthal, Alan (D-CA)
Perdue, David (R-GA)
Peters, Gary (D-MI)Polis
Jared (D-CO)
Roe Phil (R-TN)
Schneider, Brad (D-IL)
Schrader, Kurt (D-OR)
Trott, Dave (R-MI)
Walberg, Tim (R-MI)
Westerman, Bruce (R-AR)
Whitehouse, Sheldon (D-RI)

Top Recipients of Campaign Contributions from Goldman for 2016 Elections

•DNC Services Corp $649,323
•Republican National Cmte $378,245
• Clinton, Hillary $351,976
• Right To Rise PAC $290,250
• Right To Rise USA $260,017
•National Republican Congressional Cmte $246,300
• Rubio, Marco $229,675
•Bush, Jeb $203,550
• Portman, Rob $188,000
• National Republican Senatorial Cmte

Wake up America. You're politicians and your medical care are owned by Loyd Blankfein and the vultures at Goldman Sachs.

https://www.opensecrets.org/orgs/summary.php?id=D000000085&cycle=2016
 
Last edited:
Well, this is why a private healthcare system is fundamentally flawed - there are huge scopes for inherent conflicts of interest between profits and health.

It always amazes me when right-wingers complain about government being involved in healthcare yet are quite happy to have insurance companies that put profits before the patient's health running the system.
 
when you deal with vultures, and let's be honest/we know America is the king of vultures, it's all about the money

when you base a society on nothing more than profits, when you make profits your God, then nothing else matters

That is America folks; every thing is about money. Nothing else matters.
 
SenorXm/Sirius said:
Yeah, glad Trump is draining the swamp.... lol.. Oh wait. no he's not.

The Wall Street White House: Trump hires fifth Goldman Sachs staffer to the administration

https://www.salon.com/2017/03/16/the-wall-street-white-house-trump-hires-fifth-goldman-sachs-staffer-to-the-administration/
Click to expand...

This isn't a Republicans vs Democrat issue. Both parties are corrupted and compromised by Goldman. They control our government. Trump may be compromised and corrupted by them too, I'm afraid.
 
truthatallcost said:
This isn't a Republicans vs Democrat issue. Both parties are corrupted and compromised by Goldman. They control our government. Trump may be compromised and corrupted by them too, I'm afraid.
Click to expand...

Trump was always corrupted, he just fooled the likes of you. Everyone else that wasn’t a trump supporter saw that.
 
Praxas said:
Trump was always corrupted, he just fooled the likes of you. Everyone else that wasn’t a trump supporter saw that.
Click to expand...

That's wrong, particularly concerning his campaign rhetoric regarding foreign policy. Changing course in terms of interventional strategy was very appealing to some people on the left, and especially with libertarians.

To Trump's base, he represented the Hope and Change, and eventually disappointment that Obama was to his base.
 
Praxas said:
Trump was always corrupted, he just fooled the likes of you. Everyone else that wasn’t a trump supporter saw that.
Click to expand...

Hey Prax...what's more important? "I told you so", or "ok, so what do we do now"?
 
truthatallcost said:
That's wrong, particularly concerning his campaign rhetoric regarding foreign policy. Changing course in terms of interventional strategy was very appealing to some people on the left, and especially with libertarians.

To Trump's base, he represented the Hope and Change, and eventually disappointment that Obama was to his base.
Click to expand...

No it isn't wrong. Trump was a known liar, cheat and swindler. Really you believed healthcare for all, Mexico ACTUALLY paying for the wall and no tax breaks for the wealthy and instead to help the middle class? Come on man, I know Trump supporters are typically the lower margin of the education scale (unless they are part of the swamp) but you can't actually tell us you bought all that? That is nothing new and even the most hardened Trump supporters have admitted they knew he lied a lot. The difference is you got duped, plain and simple unless you want to admit you knew he was a liar, cheat and swindler beforehand.
 
It is still lucrative, the treatments can get a premium price, particularly if it actually cures. And maybe its bad for the giant pharma companies and biotech companies, but that won't stop start up and smaller companies from coming out with cures using gene therapy.

Goldman Sach's represents the ultra rich scumbags in this country, that statement epitomizes it.
 
OlNate said:
Hey Prax...what's more important? "I told you so", or "ok, so what do we do now"?
Click to expand...

Admitting your error is the first step in recovery. The sooner the duped Trump supporters do that, the sooner some action can be done to actually put Trump in check.

What I REALLY want is independents in congress but the Dem/Rep machine has made that impossible due to gerrymandering on both sides. So the only realistic action to do now is to vote in Dems to put Trump's idiotic plans in check. The Republicans (even those "supposedly" against Trump), continue to tow the line on his idiotic plans. It's clear Trump is filling the swamp with more swamp sewage and kicking the incumbent Republicans that support Trump is key.
 
It is a business analysis, not a humanitarian one. Right? Now, as despicable as that is, we have to read it in context.
Having said that, I wonder what dark heart asked for the analysis and why?
 
truthatallcost said:
This isn't a Republicans vs Democrat issue. Both parties are corrupted and compromised by Goldman. They control our government. Trump may be compromised and corrupted by them too, I'm afraid.
Click to expand...

I have stated on this forum that there is a revolving door of employees between the Federal Reserve, USTreasury, JPMorgan Chase, and Executive Administrative positions. Apparently many secrets of economics must remain "in house" for some reason. Market manipulations are what I suspect.
/.
 
Praxas said:
Admitting your error is the first step in recovery. The sooner the duped Trump supporters do that, the sooner some action can be done to actually put Trump in check.

What I REALLY want is independents in congress but the Dem/Rep machine has made that impossible due to gerrymandering on both sides. So the only realistic action to do now is to vote in Dems to put Trump's idiotic plans in check. The Republicans (even those "supposedly" against Trump), continue to tow the line on his idiotic plans. It's clear Trump is filling the swamp with more swamp sewage and kicking the incumbent Republicans that support Trump is key.
Click to expand...

Moving the torch from one party using divisive tactics to secure power, without real concern about the people voting for them, to another party using divisive tactics to secure power, without real concern about the people voting for them doesn't really do much. An independent doesn't stand a chance in America, as you guys are too afraid of having the other guys in power to give anything new a chance. The only way to combat that is reject the division and partisanship, or at least commit to not perpetuating it. I think if you (universal you, aka America) want to fix yourself, you need to be better than your government...which, with few exceptions, should be pretty easy to do, if you guys can depolarize.

I mean, ok, by all means, yes, flush Trump at first opportunity. But after that victory you're still going to have to simmer down this Civil War 2 you guy have brewing down there.
 
OlNate said:
Moving the torch from one party using divisive tactics to secure power, without real concern about the people voting for them, to another party using divisive tactics to secure power, without real concern about the people voting for them doesn't really do much. An independent doesn't stand a chance in America, as you guys are too afraid of having the other guys in power to give anything new a chance. The only way to combat that is reject the division and partisanship, or at least commit to not perpetuating it. I think if you (universal you, aka America) want to fix yourself, you need to be better than your government...which, with few exceptions, should be pretty easy to do, if you guys can depolarize.

I mean, ok, by all means, yes, flush Trump at first opportunity. But after that victory you're still going to have to simmer down this Civil War 2 you guy have brewing down there.
Click to expand...

Sorry I deal in realities and not fantasy. Putting your head in the sand isn't going to solve the problem either. The fact remains there are two parties and one party has complete control with an idiot at the helm. The only way to immediately solve the complete control is to vote in Dems since the Republicans have demonstrated their unwillingness to tackle Trump.
 
Praxas said:
Sorry I deal in realities and not fantasy. Putting your head in the sand isn't going to solve the problem either. The fact remains there are two parties and one party has complete control with an idiot at the helm. The only way to immediately solve the complete control is to vote in Dems since the Republicans have demonstrated their unwillingness to tackle Trump.
Click to expand...

How does it help you to belittle one who openly agrees with you about Trump, though, even if only on some of the issues?

Not trying to drag you into a brawl, bud, we agree on pretty much everything, just wondering about thought process behind the methodology.
 
OlNate said:
How does it help you to belittle one who openly agrees with you about Trump, though, even if only on some of the issues?
Click to expand...

Because they really don't agree with me. They say they do and then vote Trump again. Seen it before.

Not trying to drag you into a brawl, bud, we agree on pretty much everything, just wondering about thought process behind the methodology.
Click to expand...

One thing I found with Trump supporters is they have spent the last year belittling everyone else and then realize that Trump isn't going to actually deliver and is a liar, cheat and swindler. So what will they do about it......vote Trump again.
 
Praxas said:
Because they really don't agree with me. They say they do and then vote Trump again. Seen it before.



One thing I found with Trump supporters is they have spent the last year belittling everyone else and then realize that Trump isn't going to actually deliver and is a liar, cheat and swindler. So what will they do about it......vote Trump again.
Click to expand...

How do you know? Maybe they vote Republican next time, but vote someone else in during the primaries? Some will still support Trump, of course....but admitting ANY wrong on the part of Trump is a big deal for the right, in this highly polarized climate, wouldn't you say?
 
You must log in or register to reply here.
Back
Top Bottom