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Professor Shark posted:So freemarket.txt says someone will make it for only $50 a pill, right? it's pretty simple: step 1 : find super obscure yet life-saving drug that only one company bothers to produce because volume & margins are so low step 2 : buy out company and restrict distribution so competition has a harder time reverse engineering the drug, raise price x5000 step 3 : rake in money while another pharma company rushes to produce a reasonably priced generic which will probably take months step 4 : go to step 1
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Sep 22, 2015 16:33
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| # ¿ Apr 29, 2024 05:38 |
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no you see he's actually super rational and found a flaw in the free market where this drug wasn't competitive enough and is just encouraging that competition 
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Sep 22, 2015 16:34
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'wait a second... oh my god i've figured it out... i'm a genius!! people don't like dying! i'll make millions' *holds life-saving drug hostage for a bajillion dollars holding his pinky up like loving dr. evil* 'buhhh no one understands my genius loving libtards'
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Sep 22, 2015 16:37
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yes exactly. he knows no one is going to let people die because of this price hike so they'll be forced to buy the drug no matter what. it's why he chose a life-saving drug instead of some generic that makes your nose less runny or w/e
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Sep 22, 2015 16:40
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he was also careful to place the cost of treatment as roughly equal to state of the art cancer treatments because he knew that was the upper ceiling the market could bear. it's literally a sociopath running irl mmo-style min-maxing
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Sep 22, 2015 16:43
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ArbitraryC posted:What do free market enthusiasts have to say about this? Necc0 posted:no you see he's actually super rational and found a flaw in the free market where this drug wasn't competitive enough and is just encouraging that competition only it'll be couched in lots of big words and condescension to the idiot liberal media whose minds are too feeble to grasp such lofty concepts
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Sep 22, 2015 16:50
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rabble rabble posted:seriously though why doesn't one of those jackass vcs fund something like that, the pill sharing economy That's called 'drug reimportation' and many have been trying to get it legalized for a long time. This is the part where you realize I wrote RE-importation and get really mad.
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Sep 23, 2015 00:19
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fancy sauces posted:I'm really really ignorant about how pharma companies operate, but I take it that medicine isn't protected under any sort of any-monopoly law? Not even sure if monopoly is the right word in that case... but why couldn't another company make a generic brand of Daraprim? Necc0 posted:it's pretty simple:
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Sep 23, 2015 02:03
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fakiebeanplant posted:capitalist equivalent of a checkmate. medicaid, the largest provider of healthcare in the US, will eat the difference in price and develop a massive deficit. he isn't smart.
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Sep 23, 2015 03:41
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genesplicer posted:I honestly don't understand how this is happening. The drug is no longer under patent. If that's the case, isn't anybody allowed to manufacture it? How does this company have exclusive rights? i'm going to have to re-quote my post every loving page aren't I
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Sep 24, 2015 02:46
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| # ¿ Apr 29, 2024 05:38 |
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fortunately for them reimportation still doesn't seem to be on the table. a word so powerful a senator just mentioning it causes pharma stocks to drop across the board
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Sep 24, 2015 04:22
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