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Biohackers take aim at big pharma’s stranglehold on insulin

391–392 of 392 posts

Re: Biohackers take aim at big pharma’s stranglehold on insulin

#391

Post by skohan » Wed, Jun 30, 2021, 6:08 PM UTC

chiefalchemist wrote: post #388

skohan wrote: post #359

Earlier quoted context omitted.

Many of your comments reflect a misunderstanding of basic economics

I'm the downvotee. I think they understand economics. Who doesn't? What they refuse to admit is: 1) Healthcare is a limited resource, like anything else. 2) Prevention, which few if any "leaders" highlight, is a viable alternative to healthcare price increases. Are there there some nefarious undercurrents? Yes, of course. But to blame all our ills - and remove diet, lifestyle, etc. - on ever increasing demand only ma…

I recommend reading up on the laws of supply and demand.

Re: Biohackers take aim at big pharma’s stranglehold on insulin

#392

Post by Blahah » Sat, Jul 03, 2021, 1:59 AM UTC

kevin_thibedeau wrote: post #317

Blahah wrote: post #4

Pretty cool, but it's a problem with the law and needs to be fixed in law.

You don't need new laws to deal with corrupt business practices. The fact that cheap off-patent insulin isn't available in the US is clear proof that the pharmaceuticals are all colluding together to maintain high pricing. Otherwise free market forces would take over and someone would sell what the rest of the world gets, siphoning off sales from medical tourists going to Mexico and those who want off of expensive al…

I was not suggesting that we need more regulation necessarily. It's a problem of law in that it's entirely made possible (and incentivised) by laws. Patent law and laws governing the development, marketing, distribution, and crucially import of medicines.

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