Treatment lists at $2,200,000.00…and folks still don’t see the problem with for-profit healthcare.
this post was submitted on 17 Jan 2024
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Developing, testing, trialing and pushing drugs through the FDA process is very expensive.
On the other side, not that many people have the disease, which means there won't be that much demand for it.
Would you rather it not have been developed at all? Because it wouldn't be if there was no incentive for it.
All that said though, the treatment should be paid for with public money, like in the rest of the world.
Sadly, many don’t know that it was public money in the first place that developed, and continues to develop, treatments and therapeutics which companies then acquire, tweak and charge as if they did the R&D themselves.
Then there’s M&A as replacement for R&D, which again benefits patients 0 & shareholders bazillions.
Got any sources for this being funded by public money? Would like to see more about that
Sure thing! Here’s one:
”The discovery stage of CRISPR that goes from its study as a biological phenomenon to its conception as a mechanism that can be used as a genomic editing tool took place mainly in American universities with public funding from federal agencies such as the Department of Energy and the National Science Foundation”.
In other words, your tax dollars at work.
And another:
Since the Second World War, in the period known as the golden age of capitalism, government agencies have been the main source of funding for scientific research in the U.S. academy (Geiger, 2008). Breakthrough technologies have emerged from long-term investments in R&D under the banner of a “public good” mission (Mazzucato, 2015). Amid the growing influence of productivist coalitions since the 1930s—farm commodity groups, land-grant administrators, agribusiness firms, and federal agricultural agencies (Buttel, 2005)—government agencies have largely taken the lead in actively shaping markets and shouldering the risk of early-stage transformative research investments (Mazzucato, 2015). Private-sector actors typically limited their role to lower risk forms of technology integration, development, and marketing later in the innovation process.
https://direct.mit.edu/qss/article/3/2/443/110371/Funding-CRISPR-Understanding-the-role-of
You just don't get it. They stole someone else's technology fair and square, then found a specific application to charge too much for. It's the American way. /s
Yeah, screw R&D, mergers and acquisitions is the way to go. ;)
I'm also into murders and executions