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posted by
martyb
on Tuesday August 23 2016, @07:34AM
from the staying-alive-is-getting-more-expensive dept.
from the staying-alive-is-getting-more-expensive dept.
EpiPen's price has ballooned about 400% since 2008, rising from about a $100 list price to $500 today. The EpiPen is one of the most important life-saving medical innovations for people with severe food allergies—which affect as many as 15 million Americans and 1 in 13 children in the United States. But its price has exploded over the last decade despite few upgrades to the product itself. The product's lack of competitors is likely a significant driver of the costs. [...] [The] EpiPen enjoys a near-monopoly on the market with annual sales of more than $1.3 billion and nearly 90% U.S. market share.
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EpiPen's Price Increased 400% since 2008
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There will be big changes for you but you will be happy.
(Score: 2) by turgid on Tuesday August 23 2016, @08:42PM
There is a powerful argument for state-owned, public-funded medical research. Let the bread heads do the easy less-risky stuff and the rest of us can pull together and look after ourselves.
I refuse to engage in a battle of wits with an unarmed opponent [wikipedia.org].
(Score: 1) by khallow on Tuesday August 23 2016, @10:42PM
There is a powerful argument for state-owned, public-funded medical research.
And that powerful argument is?
Let the bread heads do the easy less-risky stuff and the rest of us can pull together and look after ourselves.
There is nothing too risky for the private world. There are purely private markets that have risk that makes the medical industry look tame (such as the sea salvage industry or oil well fire fighters). They do just fine without government funding.
I think the real powerful argument here is that government is notorious for coming up with rules and spending that don't reduce risk or make us safer, including the medical industry and medical research, but make everything cost a lot more.
(Score: 3, Insightful) by jelizondo on Tuesday August 23 2016, @11:55PM
Oh, my god.
You mean as long as it is profitable it is free enterprise and we hate the government; as soon as large loses loom, flip-flop, we love the government and please bail us out.
Please stop watching Fox News, their universe is completely different from the one you and I live in.
(Score: 0, Troll) by khallow on Wednesday August 24 2016, @12:20AM
You mean as long as it is profitable it is free enterprise and we hate the government; as soon as large loses loom, flip-flop, we love the government and please bail us out.
You know, you could think. So let's try that. What is the research that is so expensive and so risky, yet still has a huge return on investment to justify public funding rather than private? Sorry, it doesn't exist. Even stuff like space stations or large particle colliders are within the grasp of the private world. Instead, we see the usual squandering of public funds on scientific white elephants, and people with a remarkable willful ignorance of economics.
(Score: 2, Insightful) by Anonymous Coward on Tuesday August 23 2016, @10:53PM
state-owned, public-funded medical research
This, together with GP's on-target use of "Communist", gets top marks from me.
...and isn't most fundamental biological research already being done in public universities?
Biologists and physicians, am I wrong?
...and for those who aren't aware, USA's healthcare costs are the highest[1] on the planet and the results are far from the best.
[1] USAians spend ~3x what Britons do and Cuba (with its minimal monetary resources) bests USA in several ways in quality of outcome--largely through easy access and early intervention.
-- OriginalOwner_ [soylentnews.org]