Yes! And if you think that’s evil, wait til you find out about dynamic pricing;
Charge people differently; setting the price to the maximum that each can handle…
That is at the core of modern capitalism; maximizing profits. yes it is too bad so sad that some people die; they should have worked harder to have gotten better jobs
Fucking surreal that people actually think like this.
Even worse it is allowed, and even celebrated.
Charging wealthier people higher prices and subsiding the less wealthy sounds great! I figure that with the profit motive, it’s all gone to shit though.
It would be great IF it were used to subsidize; but no.
“Flog that profit margin harder for Daddy!”
I’m on a generic of truvada as a preventative. 30 days can be $1500-2000 for name brand no insurance. I get mine for $5 and somehow my insurance, the pharmacy, and the manufacturer are all still making enough money off that $5 to not complain. How the fuck are they getting away with the $2k pricetag
If they sell you pay $5 for the drug and the next person in line pays $2k for the same drug, they are making $1k per patient. They are also writing off the $3k that they could be charging you as a charitable contribution, so they don’t have to pay taxes on the income. They hope that if they keep you alive, some day you will make enough money to pay full retail price.
Subsidies for low income users
Medical science: with this we could cure everyone in earth of the disease for only $20!
Pharmaceutical industry: Okay that goes in the vault forever. Now make us one that just treats the symptoms and we’ll charge $5,000 a month for it.
This would be terrible business if any pharma worked this way. The vast majority of potential treatments fail either in the lab or in early phase trials. It is not very likely that’d you’d be able to on-demand develop a novel treatment for symptoms before one of your competitors figured out your already-discovered cure. That would be unless you patented the cure, but by the time you spent years developing a new symptom-only treatment and testing it through each phase, you’d have a few years at best before your exclusivity on the cure patent expires and thus your treatment becomes worthless.
Pharmas are run by the same short-sighted wall streeters as every other corporation. Actually successfully executing this sort of long-term plan would require thinking further ahead than a few quarters, which they are not capable of doing. A new cure is a big stock boost now that they could never resist.
Theres an economic theory used to set prices called Supply:Demand Equilibrium wherein you maximize profit by calculating a curve and generating a table where the axis are number of buyers and price bought at.
If the good is a necessity then you can expect a large number of people will buy it regardless of how high the price is, if they have the money, giving the incentive to set the prices higher despite having less demand at that price range.
They can ask til theyre blue in the face but until the governments step in and force them, nothing will change
They’re goal is to sell to each person for exactly the most that they can get the person to pay.
A lot of people get the medication through insurance, meaning they’re just gouging another leach.
The insurance will pay because the medicine is just cheaper than what it would cost them if you didn’t get it.If you don’t have insurance, they have programs to try to gouge you at more plausible rates that they refer to in compassionate language.
If you’re a third world, they try to price gouge in terms affordable for the market.
About the only place they charge a fair price is in places they think the government might just set price ceilings.
But if they have more customers then they have to spend more resources making more product. So 1 customer at 1000x the price is more valuable than 1000 customers at the a lower price. If it costs 28 dollars to make a year’s worth of doses like this screenshot claims, then they’d make $42,222 charging a single customer the current price, while they’d only make $12,000 charging 1,000 customers the proposed price.
So for the company to make more money than they are now, they’d need 3,519 new customers for every one current customer. Since Google says there are 1.2 million people with HIV in the United States, if they have more than 342 current customers in the united states, they are making more now than they could ever make at the proposed price. Therefore the amount of new customers is almost certainly not worth it to them.
Money seems to ruin pretty much everything about healthcare.
Thanks for the answer, sucks that it works that way
The government foots a lot of the bills, so patients need to apply for medical assistance. At least the people I’ve known.
You can make $12 selling it to 100,000 or you can make $42,000 selling it to 29 people and make more.
Bro, were you born in a socialist barn or something?
I don’t live in America
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