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Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce.
That's a 10,000%+ markup. Shameful.
So you spend hundreds of thousands of dollars creating and testing a new drug to cure something. Then another company can come along and undercut you since they didn’t spend the upfront money. And now you go bankrupt? How is that fair? I’m not saying Big Pharma isn’t an issue but as always, the solution is somewhere in the middle.
To be fair, I come from a country where we have free healthcare, free education up to college level (we only pay when taking masters or things like that, after finishing our chosen career.
Our most know public university is pretty top notch if we talk about content and education quality.
And our healthcare is pretty good too, although there is also private healthcare and education. In the education department, at least to my knowledge, there is not really a difference.
The USA is not big. It spends a lot on defense (which usually use to wage innecesary wars or disrupt other governments) and maybe too much in mantaining this horrible two party system you’ve got.
That said, my country’s economy is in very bad shape (Argentina has inflation rates that are sky high).
So you spend hundreds of thousands of dollars creating and testing a new drug to cure something. Then another company can come along and undercut you since they didn’t spend the upfront money. And now you go bankrupt? How is that fair? I’m not saying Big Pharma isn’t an issue but as always, the solution is somewhere in the middle.
It’s fair because it helps people
Medicine is a service
Then there will be no new medicines, companies will not be able to afford to pay the scientists.
That would not be true if the government funded things.
I really wish we didn’t let Capitalism control vital to our living services.
Why on earth would we want the government funding and running things, that would be a nightmare. Government is far too big as it is now.
I’ll take competency issues over greed and harm anytime.
I’m sorry to say, but all of three often occur with government as well.
By some groups moreso than others.
I tend to see greed cause harm a lot more often than incompetence.
To be fair, I come from a country where we have free healthcare, free education up to college level (we only pay when taking masters or things like that, after finishing our chosen career. Our most know public university is pretty top notch if we talk about content and education quality. And our healthcare is pretty good too, although there is also private healthcare and education. In the education department, at least to my knowledge, there is not really a difference. The USA is not big. It spends a lot on defense (which usually use to wage innecesary wars or disrupt other governments) and maybe too much in mantaining this horrible two party system you’ve got. That said, my country’s economy is in very bad shape (Argentina has inflation rates that are sky high).
Guess they’d be stuck with relying on research grants and finding cheaper ways to combat diseases
No, they would just keep everything trade secret and we’d have no idea how to replicate the medicine.