Pharmco PIGS price point

ONE THOUSAND DOLLARS A PILL.....for their newly released Hep C drug.........( and you wonder
WHY health care is screwed????).......Couple of million people have/exposed to Hep C and the
drug is pertinent to providing a cure...at $1,000.00 PER PILL.....if you are NOT paying attention
no wonder you are NOT outraged....DO THE RESEARCH......it's YOUR health that is in the balance.
JMO

Speaking of research - how much do you figure it cost to do the research that resulted in a pill that can be taken for Hep C? How much do you figure the FDA trials cost them to conduct? How much do you figure it is going to cost them to insure the company against the inevitable lawsuits and class action settlements that result from the small percentage of Hep C patients experiencing bad side effects that were disclosed in the literature that the FDA requires accompany any prescription medication?

I don't wonder why healthcare costs so much, I marvel at the reality that it doesn't cost more than it does when one looks at all the contribuing factors.

The cost of FDA approval typically runs about $150 million, the cost of getting a pharmaceutical product from inception to market (including FDA trials) is $350 million. The market price of a pharmaceutical has no bearing whatsoever with the cost of bringing to market, it is what the market will bear. For example, Pfizer had a 90% profit margin on Liptor before the patent on it expired. It went from $16 billion a year in revenue to an estimated $2 billion this year once generics were available.

Pharmaceutical companies spend more on marketing than on R&D to create new drugs.
http://www.sciencedaily.com/releases/20 ... 140107.htm

No doubt in this case, the Pharma has a monopoly on this treatment and will charge as much as they can get away with before patients will seek a less costly, albeit less effective treatment. This is the same thing that happened with HIV drugs.

for the sake of argment, let us presume that those figures are accurate - typically. Now let's talk specifically about this one, shall we? What did it cost to ressearch? What was it's cost to submit to the FDA trials? What does each batch cost to synthesize, package, quality control, distribute, test for purity and safety? What does it cost the company to insure themselve against the future lawsuits? What did it cost them as far as captial investments for the manufacturing facility to produce this specific drug?

Unless those questions can be answered, it is bit premature to make the presumptions you have made, isn't it? I mean, I know that the Rules for Radicals outlines the mehods being employed here, and that the ends justify any means, but don't you think there's a saturation point at which people tire of hearing such wild speculations soley for political reasons? We all know there's an election coming up that the party of Democrats are rightly very worried about, but don't you think it a tad early to start the scorched earth part of the campaign?

http://www.usatoday.com/story/news/nati ... t/5029179/

READ FOR YOURSELF.....the price point is what the market will bear.....the drug company is
taking alot of flack for the "fair" price.....WHO can afford this, WHY are insurances companies
RESTRUCTURING their plans,WHY do we require a NEW paradigm.....the Pharmco PIGS are
a very REAL reason why....JMO

homeagain wrote: www.usatoday.com/story/news/nation/2014/...c-treatment/5029179/

READ FOR YOURSELF.....the price point is what the market will bear.....the drug company is
taking alot of flack for the "fair" price.....WHO can afford this, WHY are insurances companies
RESTRUCTURING their plans,WHY do we require a NEW paradigm.....the Pharmco PIGS are
a very REAL reason why....JMO

Because the ACA told them to. Why don't you read the WHOLE ACA law? It's available on line.

Reverend Revelant wrote:

homeagain wrote: www.usatoday.com/story/news/nation/2014/...c-treatment/5029179/

READ FOR YOURSELF.....the price point is what the market will bear.....the drug company is
taking alot of flack for the "fair" price.....WHO can afford this, WHY are insurances companies
RESTRUCTURING their plans,WHY do we require a NEW paradigm.....the Pharmco PIGS are
a very REAL reason why....JMO

Because the ACA told them to. Why don't you read the WHOLE ACA law? It's available on line.

RR...you SURPRISE me....that statement is rather myopic in it's content....WHY was ACA
instituted in the first place.....BECAUSE THE SYSTEM IT NOT WORKING and something was
required to change....(IF you (collectively) don't pay attention you get ACA as a "working"
model)......and NOW healthcare delivery is in extensive labor pains and we ALL get to "bear
down" and "work" to delivery a "new" healthcare "infant".....JMO....THERE IS A BETTER WAY
and Functional Medicine is the "better" way...J MO

homeagain wrote: www.usatoday.com/story/news/nation/2014/...c-treatment/5029179/

READ FOR YOURSELF.....the price point is what the market will bear.....the drug company is
taking alot of flack for the "fair" price.....WHO can afford this, WHY are insurances companies
RESTRUCTURING their plans,WHY do we require a NEW paradigm.....the Pharmco PIGS are
a very REAL reason why....JMO

I agree the $1000/pill price is too high. What is your solution HA to setting drug prices?

Keep in mind this is nothing new and the ACA authors and WH apparently made backroom deals with the drug companies when writing the law, keeping the system basically the same.

My wife is on Lyrica which Kaiser doesn't want to pay for. Through insurance the pills are $10 a day. Since we are paying cash? $1. Insurance has created a bizarre marketplace.

LOL....you (collectively) MUST look inward FIRST......we,in the United States, EMBRACE "better
living thru chemistry".....(the TV advertisements tell us that there is "cure" for everything and
even IF we do not have a health problem, we are told we do.)......."ASK your doctor about....."
is the "finishing line" in the ad).......I am old enough to remember that attorneys and drug
companies were NEVER allowed to advertise on TV....WHY did that change.....now what are
the ads that you see???....."If you have taken the drug (fill in the blank) AND you have experienced these problems.....(fill in the blank)....you may be entitled to compensation"......

Doesn't there seem to be a disconnect in RESPONSIBILITY here?......FIRST STEP.....ELIMINATE
drug ads from the media...SECOND step....eliminate the "feeding line from doctors to Pharmco.
It is EVERYONE'S responsibility to guard their health and choose wisely....THAT is not being done.

The problem is multi-layered, but there ARE initial steps that can be taken to improve the
problem