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Thread: Drug company announces new version of insulin at half the price

  1. #11
    Sage

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    Re: Drug company announces new version of insulin at half the price

    Quote Originally Posted by Helix View Post
    it's a huge campus. i have been concerned about the insulin thing for a while, and they just did what i would recommend.
    Clever. Price goes up several times, people get pissed enough something will he done.

    Cut grossly inflated price in half and claim magnanimity.

    Everybody quiets down

    Profits!
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

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    Re: Drug company announces new version of insulin at half the price

    These kinds of things infuriate me.

    On the one hand, it is very much true that the system of time-limited patents and price-setting is necessary to spur the development of new drugs, unless government really were to take over paying for drug trials ("ownership of the means of production" of one industry). I sort of have an inside view vicariously. My father was a university professor who also saw patients for free, my mother a PhD who worked in a lab developing various things, ie a surfactant that helped cure a fatal lung disease. But, they decided to raise a family and the jobs just didn't pay. So they went into the pharma industry: there, you could make a good living, and you could help many more people at once. Now, I'm not outing myself by identifying which drugs they developed, but they did develop drugs and some are on market and do in fact help people. There is an extremely legitimate side to the industry, something that gets papered over often enough in the media.

    People just love their popular prejudices: oh, lawyers are evil, contractors are evil, pharma companies are evil. We love a good villain, eh?




    That said and on the other hand, the dirty players in the pharma market disgust me. Something can and should be done about that. There is no rational argument for allowing price-games with necessary drugs to be played after the reasonable period of investment-recoupment is complete. Well, not unless one thinks the most important principle ever is letting companies do what they please because freedomz or something.

    That "pharma bro" (I'm forgetting the name) should've been in jail for 30 years or something, though I doubt the statutes in question would have allowed it. I never checked. Bad players in the pharma industry....those are the evil ones. It's one things to play these games with smartphones or whatever, but with people's literal lives? To that I say: burn in hell, you soulless swine. (Ok, ok, fair point. Not soulless. If "soulless", then no hell, right?)

  3. #13
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    Re: Drug company announces new version of insulin at half the price

    Quote Originally Posted by Mr Person View Post
    These kinds of things infuriate me.

    On the one hand, it is very much true that the system of time-limited patents and price-setting is necessary to spur the development of new drugs, unless government really were to take over paying for drug trials ("ownership of the means of production" of one industry). I sort of have an inside view vicariously. My father was a university professor who also saw patients for free, my mother a PhD who worked in a lab developing various things, ie a surfactant that helped cure a fatal lung disease. But, they decided to raise a family and the jobs just didn't pay. So they went into the pharma industry: there, you could make a good living, and you could help many more people at once. Now, I'm not outing myself by identifying which drugs they developed, but they did develop drugs and some are on market and do in fact help people. There is an extremely legitimate side to the industry, something that gets papered over often enough in the media.

    People just love their popular prejudices: oh, lawyers are evil, contractors are evil, pharma companies are evil. We love a good villain, eh?




    That said and on the other hand, the dirty players in the pharma market disgust me. Something can and should be done about that. There is no rational argument for allowing price-games with necessary drugs to be played after the reasonable period of investment-recoupment is complete. Well, not unless one thinks the most important principle ever is letting companies do what they please because freedomz or something.

    That "pharma bro" (I'm forgetting the name) should've been in jail for 30 years or something, though I doubt the statutes in question would have allowed it. I never checked. Bad players in the pharma industry....those are the evil ones. It's one things to play these games with smartphones or whatever, but with people's literal lives? To that I say: burn in hell, you soulless swine. (Ok, ok, fair point. Not soulless. If "soulless", then no hell, right?)
    This.

    But the bad players are really a small minority.

    And the excesses in promotion and sales have been gone for 15+ years now.

    The system in place is largely the result of the regulations and structure of the market, which, like all of US healthcare, is a freaking disaster.

    Pharma companies are merely working the system to get what they can- and literally giving away tons of free drug to people who can’t afford it to get the insurance companies who can is just part of the strange dance. PBMs promoting use of an expensive brand over a cheap generic just to get the rebate dollars is another. Oncology drugs costing $100k a pop and companies dropping entire areas of research to concentrate on cancer is another. And so is $500 insulin that is not going generic for a decade or two because of cumbersome biosimilar regulations.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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