Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

nytimes.com

Post reply on HN
Print view View original

101–110 of 110 posts

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#101

Post by ashtonkem »

zug_zug wrote: post #100
ashtonkem wrote: post #96

Earlier quoted context omitted.

Richard Sackler, for starters. He's the former chairman of Purdue Pharmaceuticals, and investigative journalists have uncovered a boat load of paperwork showing that he personally pushed for marketing tactics that would result in addiction and death. The sudden exit of the entire Sackler family from the board and executive positions in 2018 reeks of wrongdoing too, especially since reports indicate that Richard conti…

Well personally I've never heard of Richard Sackler before, but that's exactly what I was asking for. >> the problem is that the people who have the power continue to do what we don't want them to do. If an outraged public has clear alignment on what needs to happen, a lot of times this can force the hand of government. On the other hand, being unspecifically frustrated isn't enough. A lot of issues are very complex…

And here’s the crux of the problem; plenty of people have done the research on this stuff. You just never bothered to read any of it, and instead you had the gall to imply that the real problem is that a bunch of people on HN were too lazy to put together a proposal on what to do. A tad bit ironic, since you apparently don’t even know the names of the core actors in this problem, don’t you think?

Yes, people are angry. Yes, people often scapegoat on complex issues. No, the actual problem is not that we just want to get angry without actually doing any of the work to propose a solution.

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#102

Post by jrochkind1 »

xoxoy wrote: post #8

I don’t really understand the rebate strategy here. They told Purdue to literally go to CVS and tell them “we are going to pay you a bonus for every overdose you cause?” How does CVS interplay with the doctors who are doing the actual prescribing? I guess I don’t understand how a rebate change anything at CVS. Aren’t they just filling the prescription?

Same question. They decided to INCENTIVIZE overdoses? (And "opioid use disorders" too, they were paying rebates for those too).

I don't understand either the ethical OR business sense of this. Very confused.

I haven't been paying too too much attention to this stuff, and I never before felt like saying anyone should face prison over any of this -- but incentivizing overdoses, are you serious? I feel like anyone involved in that decision is a horrible human being, at the least.

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#103

Post by zug_zug »

ashtonkem wrote: post #101
zug_zug wrote: post #100

Earlier quoted context omitted.

Well personally I've never heard of Richard Sackler before, but that's exactly what I was asking for. >> the problem is that the people who have the power continue to do what we don't want them to do. If an outraged public has clear alignment on what needs to happen, a lot of times this can force the hand of government. On the other hand, being unspecifically frustrated isn't enough. A lot of issues are very complex…

And here’s the crux of the problem; plenty of people have done the research on this stuff. You just never bothered to read any of it, and instead you had the gall to imply that the real problem is that a bunch of people on HN were too lazy to put together a proposal on what to do. A tad bit ironic, since you apparently don’t even know the names of the core actors in this problem, don’t you think? Yes, people are angr…

>>> And here’s the crux of the problem; plenty of people have done the research on this stuff. You just never bothered to read any of it

Exactly, thank you for proving my point. I, like 90% of Americans, do not care enough about the opioid epidemic to do any research. We care so little, that we don't even know Richard Sackler's name. I have a million things to care about in my personal life, and a million other pieces of news I could worry about instead.

It's not a personal attack, I'm not sure why you're getting so offended about it, it's simply human nature.

The other thing you seem not to grok is that if 90% of Americans said Richard Sackler needs to be prosecuted it would happen. However, maybe 10% of the population knows that name.

So, in conclusion, back to my original point -- If you ever want more than 10% of the population to know the name, you have to bring him up in your discussions, because 90% of us don't care enough.

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#104

Post by ashtonkem »

zug_zug wrote: post #103
ashtonkem wrote: post #101

Earlier quoted context omitted.

And here’s the crux of the problem; plenty of people have done the research on this stuff. You just never bothered to read any of it, and instead you had the gall to imply that the real problem is that a bunch of people on HN were too lazy to put together a proposal on what to do. A tad bit ironic, since you apparently don’t even know the names of the core actors in this problem, don’t you think? Yes, people are angr…

>>> And here’s the crux of the problem; plenty of people have done the research on this stuff. You just never bothered to read any of it Exactly, thank you for proving my point. I, like 90% of Americans, do not care enough about the opioid epidemic to do any research. We care so little, that we don't even know Richard Sackler's name. I have a million things to care about in my personal life, and a million other piece…

> It's not a personal attack, I'm not sure why you're getting so offended about it, it's simply human nature.

You directly told people here that it was their fault they’d not done the effort to do some research and propose something, and that they didn’t really care about this issue. If you don’t understand why people will respond very poorly to that, then my genuine sympathies go out to you, because that was a personal attack.

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#105

Post by boringg »

smabie wrote: post #86
iakh wrote: post #81

Earlier quoted context omitted.

Are you the ibanker or the consultant in this?

the trader

Arguably consultants help clients (obviously not in this case), traders are just facilitators of capital and executing on behalf of higher ups. They make money on large volumes of flow but provide no great service aside from liquidity or to line their clients pockets.

iBankers on the buy side at least have to understand where the markets are going. Or have I missed what value the traders do? :)

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#107

Post by david38 »

smabie wrote: post #62
guptaneil wrote: post #29

> On Tuesday, Purdue pleaded guilty to criminal charges, including defrauding federal health agencies and paying illegal kickbacks to doctors. The company also faces roughly $8.3 billion in penalties. As part of the settlement, members of the Sackler family will pay $225 million in civil penalties. They made over $12 billion in profit as of last year[0], so they still came out ahead... 0: https://www.forbes.com/sites…

You're saying they made 12bn dollars that they would not have if they didn't do all of this stuff? I kind of doubt it. I'm not expert on Purdue Parma, but I'm guessing this whole escapade will be EV negative for them.

He said they made $12b profit quite clearly.

He didn’t say they made $12b in illegal profits.

Why would you try twisting his words like that?

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#108

Post by zug_zug »

ashtonkem wrote: post #104
zug_zug wrote: post #103

Earlier quoted context omitted.

>>> And here’s the crux of the problem; plenty of people have done the research on this stuff. You just never bothered to read any of it Exactly, thank you for proving my point. I, like 90% of Americans, do not care enough about the opioid epidemic to do any research. We care so little, that we don't even know Richard Sackler's name. I have a million things to care about in my personal life, and a million other piece…

> It's not a personal attack, I'm not sure why you're getting so offended about it, it's simply human nature. You directly told people here that it was their fault they’d not done the effort to do some research and propose something, and that they didn’t really care about this issue. If you don’t understand why people will respond very poorly to that, then my genuine sympathies go out to you, because that was a perso…

"I guess nobody actually cares THAT much. "

You didn't get singled out, I think if you reread this thread in that context you'll see you're getting kinda emotional, but no worries bud.

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#109

Post by [deleted] »

zug_zug wrote: post #108
ashtonkem wrote: post #104

Earlier quoted context omitted.

> It's not a personal attack, I'm not sure why you're getting so offended about it, it's simply human nature. You directly told people here that it was their fault they’d not done the effort to do some research and propose something, and that they didn’t really care about this issue. If you don’t understand why people will respond very poorly to that, then my genuine sympathies go out to you, because that was a perso…

"I guess nobody actually cares THAT much. " You didn't get singled out, I think if you reread this thread in that context you'll see you're getting kinda emotional, but no worries bud.

[deleted]

Re: McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

#110

Post by newbie789 »

refurb wrote: post #92
newbie789 wrote: post #55

I've at this point had (at least) eight friends die from opioid overdoses in the past ~10 years. I myself was nearly one of them a long time ago. It's really disappointing to see this bullshit.

Are they overdosing from Oxycotin or street drugs laced with fentanyl?

Nobody I was friends with could afford to overdose on legitimate oxycodone due to its cost, so many overdosed on much cheaper heroin after not being able to afford oxy pills anymore. I've also read about people overdosing on counterfeit oxy pills containing fentanyl (for example, the musician Prince if I remember correctly) though that's not happened in my former friend group as far as I know.
Post reply on HN