Earlier quoted context omitted.
I'm just going to leave this here: http://www.drugood.com/2018/07/15/gleevecs-cost-and-price/ Gleevec did not take many years at all for Novartis to recover its trivial relative costs and generate billions of dollars of profit for nearly 2 decades. The problem is when you have a disease and there's only one treatment around, you'll literally pay whatever it costs - because not having it means you're dead. These compa…
Yet Novartis only has 15% margins. Not shabby but not exactly living large, and much worse than tech companies. You aren’t going to move the needle on drug costs by making those margins 0%, and no amount of wishing will change that. That’s math. I guess you could pay people less at Novartis but it probably won’t have the desired effect. These things cost a certain amount of money to produce. What you are complaining…
Perhaps not to you, but socialized healthcare is being advocated for by several elected officials, so it's not completely off-the-table.