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This drug saves Americans from opioid overdoses. Its price has been hiked 600 percent.
- Thread starter Piecake
- Start date
Medicine is the FIRST thing that should be commodified or be made easy to obtain and cheap when needed. Fuck Big Pharma.
That slap faced wu tang idiot wasn't really an outlier. He was just more Ted Cruz face about it.
Edit. Shkreli! I remembered.
This is why we're never invited to the intergalactic wine mixer. Humans suck. This is really f'd up.
This drug stories get complicated. This is shitty but the company isn't endangering lives,
This is a wild way to end the story though, without any follow-up,
Some commercial health plans were expected to keep covering the drug, but under the new model, Kaleo would cover any copays, and for patients whose insurance didn't cover the drug, Kaleo would provide it to the patient at no charge.
Shkreli was the same model. "The price" is a messy term in healthcare, because patients generally don't pay it, if they pay anything. This is *looting*, not extortion. Exploiting the system, not patients.
This is a wild way to end the story though, without any follow-up,
According to the company, they have never turned a profit on EVZIO.
That doesn't seem like the sort of thing they could just lie about, but I'm not especially inclined to believe them. This seems like a crucial detail for understanding this story, but I'm not surprised Vox didn't report it out.
Literally someone in a room saying, "we calculated police departments, fire departments and paramedics would rather eat the cost and pass it down to taxpayers than let people die, and taxpayers will accept that even though they hate taxes, because they don't want people to die either. But we're golden. Some people will read about it and hate us but we will change our name in three years and everyone will forget because some new outrage will be along any minute.
This company doesn't make pills.
This company doesn't make opioids.
According to the article, they're making their money off of Medicare and Medicaid.
That does end up hurting patients, because those resources could be going elsewhere instead of to companies who are artificially raising the prices.
What's the point of your post. It's a drug, me calling it a pill, even if incorrectly, the point remains the same. You're just being an ass at that point
Essentially.
Nobody wanted to buy their drug at $600. Now, if the free market worked in the way it does in fairy tales, a lack of demand would see the price of the drug drop.
But instead they jacked up the price to $4000 knowing Medicare and Medicaid would still be on the hook.
They sort of also give away the game that they mightn't be the only ones doing this;
Of course this still fucks patients over, just not those on insurance, but those on Medicare and Medicaid, because the money that could have gone to other places in those programs goes to Kaleo.
The research, development, and trial testing of this drug was probably made possible by raising the price of a different drug. Now this going to fund other things.
It's easy to point fingers and criticize, but I dont see anyone donating to nonprofit pharmaceutical companies. Lol
It's easy to point fingers and criticize, but I dont see anyone donating to nonprofit pharmaceutical companies. Lol
They didn't actually develop the drug, just the voice guiding injector.
By their own admission they made no money off of it and all they seemed to have done is basically bilk hundreds of millions out of the government, so nah.
Because greedy republicans will pass anything if you pay them.
Naloxone has been around for decades. It's not a new or novel substance.
It reminds me of that report by a big pharma recommending to invest more in cancer research but remove funding from AIDS. Their reasoning was that cancer shows up "randomly", ergo curing it will always be a profitable business. However, if you develop a cure for AIDS, eventually there´ll be no more patients because people infected are needed to spread the disease and make money out of it. I think of whoever wrote that shit quite often, frankly. They are doing pure evil, sentencing millions of people to death, and they are doing it for money that doesn´t even land on their pockets but the pockets of a corporation. I find it fascinating that someone can live their lives like that.
User Banned (5 Days): Inflammatory drive-by posting; previous infractions
Hopefully drug addicts will think twice before getting high again
Everyone has to mutually agree that living in a society where this is a thing is not good for us. Can we at least all agree on that.. hello republicans?! There is no excuse for this. Supply and demand should not be a feature of STOPPING PEOPLE FROM DYING.
Now fuck off.
Now fuck off.
People need to know more about Kratom. I recommend seeing The Netflix documentary A Leaf of Faith.
The solution: welfare state capitalism, otherwise known as social democracy. This shit doesn't happen because government exerts some level of control over pricing (via price controls) and financing for these essential services (I.e., healthcare, education, etc.).