41–50 of 136 posts
I'll just leave this here: https://en.m.wikipedia.org/wiki/Cost_of_drug_development#Res...
And I guess I'll just leave this here: https://www.washingtonpost.com/news/wonk/wp/2015/02/11/big-p...
That's not just marketing as people know it. It's all the other costs of running a company too.
This is insurance. Literally insurance. You pay a monthly fee in return for a good, service or cash payment should something happen. however in the USA, something odd has happened. For what ever reason, be it legal, cultural or other, copay, crippling buerocracy and down right greed has stopped the health system working properly. The problem with a "netflix" model, is that doctors can currently prescribe anything, re…
I don't think that's necessary for insurance to work - I think it's necessary for medicine to get cheaper. If I want a specialist to treat me as an individual and potentially prescribe something outside the norm, I should be able to pay a premium for that, and the doctor should be allowed to do it if it is going to work without threat of fines or censure because they didn't choose the cheaper option.
> For 1 billion Australian dollars — $766 million U.S. — Australia gets, for five years, all the hep C medicine it can use. What will happen in five years ? If we follow the Netflix model, a lot of what used to be available will simply stop being there because the producer will markup the price significantly. In Netflix case, I don't really care since I can download the movies from other sources anyway, but for drugs…
This seems quite important, and raises questions about whether free market capitalism is actually the best or only model to spur innovation (spoiler: I don't think it is, at all).
Especially when lives are at stake! Market capitalism is probably fine for coffee shops, less so for insulin pumps.
This is insurance. Literally insurance. You pay a monthly fee in return for a good, service or cash payment should something happen. however in the USA, something odd has happened. For what ever reason, be it legal, cultural or other, copay, crippling buerocracy and down right greed has stopped the health system working properly. The problem with a "netflix" model, is that doctors can currently prescribe anything, re…
Unknown to almost everyone in the US is that if you are a Medicare patient, when you go to fill a Rx before the pharmacist fills the therapy, insurance software suggests cheaper generics to the pharmacist and requires the pharmacist to do the leg work of asking the doctor to change the Rx based on what the insurance company wants (ie the cheaper medication).
So the question might be..why would a pharmacist do what the insurance company software tells them... or why would a doctor second guess their initial Rx at the request of an insurance company trying to minimize their costs? Because if the pharmacist/pharmacy doesn’t do what insurance says or if the doctor doesn’t do what insurance says, they get dropped from the insurance network.
A great theory but one major flaw. The utility value of most tv and movies comes when they are brand new with quickly diminishing returns afterwards. Drugs on the other hand have equal utility for their lifetimes (until replaced by something better, which can in some cases take centuries). In fact sometimes a secondary use for a drug is found and its utility goes up. Entertainment rarely has increasing utility. Even…
This is insurance. Literally insurance. You pay a monthly fee in return for a good, service or cash payment should something happen. however in the USA, something odd has happened. For what ever reason, be it legal, cultural or other, copay, crippling buerocracy and down right greed has stopped the health system working properly. The problem with a "netflix" model, is that doctors can currently prescribe anything, re…
>For insurance to work, US doctors must follow national guidelines laid out by a scientific body (ie NICE in the UK) any deviation without justification would/should lead to fines and censure. I don't think that's necessary for insurance to work - I think it's necessary for medicine to get cheaper. If I want a specialist to treat me as an individual and potentially prescribe something outside the norm, I should be ab…
Am I missing something: >A study just published in The New England Journal of Medicine found that on average, Australia pays $7,352 (U.S.) per course of treatment. It has been able to treat seven times as many patients as it would without the agreements. I guess the reason we don't treat medicine like Netflix is because most people don't want to spend $7352 for a course of penicillin....?
This is insurance. Literally insurance. You pay a monthly fee in return for a good, service or cash payment should something happen. however in the USA, something odd has happened. For what ever reason, be it legal, cultural or other, copay, crippling buerocracy and down right greed has stopped the health system working properly. The problem with a "netflix" model, is that doctors can currently prescribe anything, re…
We have a list of drugs that work, it's the list of FDA-approved drugs.
Insurance will already try to get out of paying for anything that doesn't seem "normal."