Our server costs ~$56 per month to run. Please consider donating or becoming a Patron to help keep the site running. Help us gain new members by following us on Twitter and liking our page on Facebook!
Current time: December 30, 2024, 2:49 pm

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Drug Executive: It's a moral requirement to charge patients the highest price
#10
RE: Drug Executive: It's a moral requirement to charge patients the highest price
(September 15, 2018 at 11:42 am)Anomalocaris Wrote:
(September 15, 2018 at 11:09 am)Jörmungandr Wrote: And how exactly would that help?

"The vaccine is calculated to be worth $7 billion had it been patented." ~ Wikipedia

Do you know how much R&D seven billion dollars can fund?  How many new and improved medications could be developed?

How much is the financial damage to society resulting from reduction in the numbers of people vaccinated?

To optimize the value of the medical establishment, the advantage of greater investment in medical R&D must be balanced against:

1. the aggregate effect of reduction in accessibility of the fruits of past R&D.

2. the creation of harmful perverse incentives for selectively focusing on those R&D that promises to maximize the revenue to the pharmaceutical industry rather than to minimize the aggregate cost to society of ill health.

Okay. And how do we get there? I don't think asking pharmaceutical companies to just give away their labors like Salk did is any kind of answer. As noted in my last post, lack of profit can equally as well dry up access.
[Image: extraordinarywoo-sig.jpg]
Reply



Messages In This Thread
RE: Drug Executive: It's a moral requirement to charge patients the highest price - by Angrboda - September 15, 2018 at 11:57 am

Possibly Related Threads...
Thread Author Replies Views Last Post
  HIV drug mandate violates religious freedom, judge rules zebo-the-fat 6 1255 September 9, 2022 at 6:12 pm
Last Post: Divinity
  Trump was just advertising for a drug for COVID; he wasn't sick WinterHold 36 3698 October 17, 2020 at 12:39 am
Last Post: LadyForCamus
  BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war WinterHold 52 4397 April 25, 2020 at 4:37 pm
Last Post: Mr Greene
  White Americans are drug dealers and rapists.... Brian37 7 895 March 29, 2020 at 7:51 am
Last Post: BrianSoddingBoru4
  Democratic Drug Den EgoDeath 50 4628 October 2, 2019 at 10:46 am
Last Post: Cepheus Ace
  Worst Drug Dealer EVER BrianSoddingBoru4 17 1130 May 4, 2019 at 1:08 am
Last Post: The Valkyrie
  This Is What Happens When You Put An Idiot In Charge of a Complex System Minimalist 132 15911 December 6, 2018 at 12:24 pm
Last Post: Minimalist
  Walmart raises minimum age requirement for buying Guns and Ammo Sterben 15 2290 March 2, 2018 at 9:42 pm
Last Post: Gawdzilla Sama
  Lol@Price Alex K 4 775 September 30, 2017 at 12:39 am
Last Post: ignoramus
  Rarity on The Price Is Right. Brian37 12 1649 September 24, 2017 at 9:43 pm
Last Post: Brian37



Users browsing this thread: 3 Guest(s)