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Old 01-03-2014, 08:48 PM   #141
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Re: where else can ya get a room for 2 hours for 7k?

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On my iPhone so I can't bold and underline stuff, just wanted to add a personal opinion in regards to the cure for cancer money loss theory....there are plenty of diseases in the world. If they discovered the CURE for cancer, the company would make billions dollars in a year worldwide. Charging 100k for the treatment would still save the insurance companies a fortune, and the shareholders would be VERY happy. A cure for cancer (coupled with all the other drugs they sell) would yield more profit in a year than these companies see in 25 years.


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You will never see a one-drug miracle cure for cancer too much variation but agreed if there was/could be such a thing
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Old 01-03-2014, 09:50 PM   #142
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where else can ya get a room for 2 hours for 7k?

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You will never see a one-drug miracle cure for cancer too much variation but agreed if there was/could be such a thing
Agreed, I was just talking in a perfect world scenario.


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Old 01-04-2014, 08:51 AM   #143
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Re: where else can ya get a room for 2 hours for 7k?

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Originally Posted by NFRs2000nyc View Post
Agreed, I was just talking in a perfect world scenario.


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Yep they would make money off it for sure, and you're right the way insurance and other companies determine how much they pay for a drug is by how much its worth to them in terms of future savings. I don't agree with your fda statement at all I think your viewpoint is pretty skewed. Fda approves and disapproves drugs for certain uses based on trial results and a bunch of other data resulting in black box warnings, guidelines for physicians, etc. You can make the argument that drug companies need $$ and maybe even connections to push stuff through the fda by setting up those trials and whatever but that has to do with drug approval. And look at the number of small biotech firms that have pushed out drugs. I don't think the FDA has much of a say in pricing, that's determined by the pharma company and the insurance companies. If you can provide some solid evidence that'd be interesting but they're certainly not like the NHS in UK.

Actually the Aca set up a center to compare drug outcomes (PCORI) but specifically not with cost effectiveness measures (dollars per quality adjusted life years). Why? Guess who opposes it....pharma. Pharma will lose money due to lost profits if we go to a cost effectiveness based healthcare with huge buying power (single payer) system like the UK. I know I keep using the UK as an example but they are a good comparison...you can look at Germany and other European countries too if you want.

Now I'm not saying this is all good -- but if you want to make arguments like saying the FDA is in bed with pharma and setting ridiculous prices for the rest of us...well that's not the case and if it is its much better to use facts and examples rather than a bunch of hand waving and conjecturing. There will be long term global repercussions if we move to a single payer system such as a global price increase due to cost sharing. Definitely reduced r&d and longer wait times to get new drugs approved and for use...
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Old 01-04-2014, 08:51 AM   #144
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Re: where else can ya get a room for 2 hours for 7k?

God damn that took forever to write on my phone
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