100k Per Year Cancer Treatment, How Could a Pharmaceutical Co. Charge So Much?
Who Would Pay That Much? Does Insurance or Medicare create a market for this? jacob, who said i have cancer?? stop twisting the question
Politics - 13 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Lack of regulation, duh. Too bad basic necessities like government regulation of the private sector fall under the "socialist heresy" category.
2 :
Because they like to make money................and lots of it.
3 :
Because the pharma company is only interested in their profits; not the welfare of their patients. Welcome to capitalism.
4 :
And this, people, is a symptom of an unfree over-regulated market. And we're trying to get the government to solve the problem it created. Contrary to what most people think, the healthcare industry is one of the most regulated markets out there near telecommunications. And no, I'm not a fucking conservative. It's too hard to go into full detail, but looking back in history where regulation was minimal, you could see how effective and low cost it was. Ranging from doctors visits, to surgery. There were also collective friendly (or fraternal) societies for a group of people to cover costs like this, and it was done more efficiently than government. Remember the time period when you could do a house call for a doctor? Edit: Yes you're right, insurance does create a market for this, because the state mandates coverage for stupid crap like medication and doctor's visits.
5 :
GREED. GREED. GREED. GREED. GREED. GREED. GREED. GREED. GREED
6 :
Trying to recover their R&D costs plus the costs of getting govt approval to use the drug plus reserves to defend lawsuits. If you don't want to pay you don't have to use the drug. If Obamacare gets started a "death panel" will decide who gets the drug paid for and who doesn't.
7 :
Easy, it cost money to research and develop it.....or do you think it should just be free? The ONLY ones who have a right to be mad are the people who donated large amounts of money for the research, everyone else can shut their traps.
8 :
Where would you be without the Pharmaceutical Companies? If you need treatment and cannot afford it, contact the company directly. They have many charitable organizations and other programs that can help you. Unless you really don't have cancer in which case you are a reprehensible slug. I suspect this is the case because there are few cancer treatments that cost that much. *
9 :
Rich people like magic Johnson pay more fore their aids medications so in case people aren't aware money buys health treatment not covered by insurance due to cost. It's no different than money buying a nice house or car but people seem naive about it. A pharmaceutical company isn't going to shell out hundreds of millions for a new drug if they can't recoup the cost.
10 :
I cannot comprehend that someone would answer "lack of regulation." Regulations and third party payments (i.e. "the government" or "insurance companies" pay for it - and not the free market - are precisely why the treatment is unaffordable to begin with. The cost of most anything involving a third party payment is astronomical. Consider the soaring costs of college education, now that so many grants, loans and scholarships are available. Body shops have enjoyed the benefits of "insurance pays for it" for years. Give that pharmaceutical company a little competition, without costing a billion dollars to enter the industry or to bring a new drug to life, and your $100,000 much less expensive very quickly.
11 :
It's interesting that many of them send people to say Brazil to meet up with the shamans or country doctors. They find out what they use to fix "things' and then come back and tell the company what natural herb or combination it is and then the company makes a synthetic copy and puts a big price tag on it.. One just paid $800 million for a company doing research on resveratrol and it's properties fighting the different cancers. I believe they have been able to isolate some of them and now market the pills as a cure. But you could just drink wine or buy the resveratrol and take it.
12 :
A hundred grand a year is a lot for medical treatment. The problem is, research and development can cost millions or even billions of dollars. You don't just whip up a potion with your Acme chemistry set and hope it works. You need to spend years on developing and tweaking the medication so it does its job. This includes testing, testing, and more testing. It may be tested on animals, then control groups of humans. The treatments can last weeks, months, years, or a lifetime. And as others have said, there is the legal aspect of this, lawyers are ready to sue at a moment's notice when people report injury or someone's death because the product was misused. Someone thought a 100K cancer drug might be great if ground into a powder, and snorted up the nose like they want to do with everything else.
13 :
100k per year and they still profit a lot LESS than other industries. Why such expense and still no profits? Is this the EXPECTED and PREDICTED result of Democrat-written law? Yes, indeed it is. When you separate consumers from the costs they generate it is 100% guaranteed to drive-up prices, cause shortages (and thus still higher prices) and inflate demand (driving up prices still more.) EVERYONE already knew that when literally 100% of Congressional Democrats decided to use the force of taxes, fines, guns, badges, handcuffs and prisons to separate consumers from the costs they generate. You (if you're an average American) get your "health-care" through work and pay an amount completely unconnected to your usage. This is because Democrats couldn't tolerate your grandparents' (or great-grandparents - I don't know how old you are) "system" where they went to the provider of THEIR OWN CHOICE and could easily afford to pay for it. Since you pay very nearly THE SAME AMOUNT if you "consume" NO health-care services at all vs using more than anyone you know, there is almost no disincentive for you to consume at the drop of a hat. Multiply that times "everyone" and it's easy to see why this GUARANTEES shortages without a price incentive to escalate "supply." Next cycle, your rates go up because stuff's more expensive. Now you're paying MORE even if you don't use any service. You can see why this is guaranteed to drive EVEN MORE people to "overuse" and we're back at the last paragraph and are caught in a cycle that will NEVER end until the system catastrophically collapses. Let me remind you EVERYONE KNEW several decades ago this would be the GUARANTEED OUTCOME before Democrats DEMANDED it be set in motion. Most of you young'uns don't see it because "the system" hasn't significantly changed in your lifetime and as far as most of you are concerned the universe might as well have been created on your birthday.
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Title : 100k Per Year Cancer Treatment, How Could a Pharmaceutical Co. Charge So Much
Description : 100k Per Year Cancer Treatment, How Could a Pharmaceutical Co. Charge So Much? Who Would Pay That Much? Does Insurance or Medicare create ...