Posts: 1897
Threads: 33
Joined: August 25, 2015
Reputation:
27
Drug Executive: It's a moral requirement to charge patients the highest price
September 15, 2018 at 9:25 am
http://www.latimes.com/business/hiltzik/...story.html
Is it bad that I want to see someone smash this guy's face in with a metal baseball bat, and then the hospital deny his insurance, and charge him $1,000,000,000 for treatment? And then when he complains say it's a moral requirement they charge him the highest possible price.
I fucking hate people so much sometimes.
"Tradition" is just a word people use to make themselves feel better about being an asshole.
Posts: 33849
Threads: 1424
Joined: March 15, 2013
Reputation:
152
RE: Drug Executive: It's a moral requirement to charge patients the highest price
September 15, 2018 at 9:29 am
But how's he to make any money if he doesn't charge the highest price?
Posts: 9176
Threads: 76
Joined: November 21, 2013
Reputation:
40
RE: Drug Executive: It's a moral requirement to charge patients the highest price
September 15, 2018 at 9:34 am
This is what happens when people are allowed to run a monopoly. Competition is needed to drive prices down, because this happens when there's no competition.
Posts: 30558
Threads: 116
Joined: February 22, 2011
Reputation:
158
RE: Drug Executive: It's a moral requirement to charge patients the highest price
September 15, 2018 at 10:35 am
I don't know that it's a moral imperative, but it is a business imperative to maximize profits for the benefit of stockholders and that is a moral and legal imperative. I understand we don't want profit to drive the decisions of pharmaceutical companies, but there don't immediately appear particularly good alternatives that I know of. Consumers can put some pressure on manufacturers, but since they have a captive market, that's ineffective. It could be mandated by law and regulated, but that might chill the motivation for spending the money to research and develop new drugs, and that's a lot. There doesn't seem to be an obvious solution, or, at the least, I haven't heard of one.
Posts: 1897
Threads: 33
Joined: August 25, 2015
Reputation:
27
RE: Drug Executive: It's a moral requirement to charge patients the highest price
September 15, 2018 at 10:38 am
Imagine if Jonas Salk felt that way about the Polio Vaccine.
"Tradition" is just a word people use to make themselves feel better about being an asshole.
Posts: 11697
Threads: 117
Joined: November 5, 2016
Reputation:
43
RE: Drug Executive: It's a moral requirement to charge patients the highest price
September 15, 2018 at 11:20 am
But.. but.. healthcare is a commodity...
(right wing idioticy )
And no competition does not drive down prices
https://www.beckershospitalreview.com/su...-down.html
Seek strength, not to be greater than my brother, but to fight my greatest enemy -- myself.
Inuit Proverb