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Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

mattstoller.substack.com

391–400 of 595 posts

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#391

Earlier quoted context omitted.

At least give the option of the old shit

> At least give the option of the old shit It’s available. It’s just far less convenient and much easier to fuck up in a life-threatening way. The insulin price meme is a particularly bad one.

It is really not. The price disparity between US and rest of world is quite massive.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#392

Earlier quoted context omitted.

This one is particularly prickly because the high cost paid in the US funds medical R&D and extremely expensive clinical trials which other countries are free riding on by imposing price controls. We still need to fund the R&D and clinical trials (unless they could be made less expensive somehow), so the most obvious solution would be to have other countries pay their fair share so the US could stop subsidizing every…

I wonder why we don't fund drug development directly, using tax money and then let companies produce the drugs for a reasonable fee. I feel like drug development shouldn't be prioritized by the estimated amount of profit one can get from the drug.

Is there reason to think that government bureaucrats would do a better job at efficient resource allocation? I expect they would channel funding based on politics with little regard for outcomes.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#393

Earlier quoted context omitted.

> thousands of dollars probably. > How much value do you extract from belonging to a Facebook group? It’s probably a million dollars per person. No idea what you’re on about. The average person doesn’t buy Apple products, they have a small percentage of market share. You’re just throwing absurd numbers around. You’ve argued my point: people value socialization (millions, according to you) more than they value privacy…

Nit: Apple has 52% of the US mobile market share: https://www.statista.com/statistics/266572/market-share-held...

And has about 15% market share globally…

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#394
post #377

Earlier quoted context omitted.

That is a common talking point, but I don't know of any data actually backing that up. It just sounds nice like "they hate freedom". No, nobody does, try again.

Would you know of the data if it existed? Absence of evidence is a low bar for disbelieving a proposition.

[deleted]

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#395

Earlier quoted context omitted.

Nit: Apple has 52% of the US mobile market share: https://www.statista.com/statistics/266572/market-share-held...

And has about 15% market share globally…

This entire thread is about the US taking action. Global market share doesn’t matter in this case.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#396

Earlier quoted context omitted.

And what was the legislation? How was it monopolistic in favor of physicians? The AMA does not really represent physicians. Less than 1/4 of doctors belong to the AMA. Many of them do not feel the AMA represents them. The AMA also accepts substantial donations from other sources, including corporate donors and foundations. https://www.physiciansweekly.com/is-the-ama-really-the-voice...

The lobbying to: A. Limit medical care to being provided by these people B. Limit number of residencies

You have that backwards. The AMA is actively lobbying to increase the number of residencies.

https://www.ama-assn.org/press-center/press-releases/ama-fun...

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#397

Earlier quoted context omitted.

Price transparency plus high deductible plans would drive the cost of health insurance down. Health insurance is supposed to cover you for catastrophic health issues that were previously unknown. For some reason it changed to also cover all your recurring or minor illnesses.

Part of that is because it’s far cheaper to catch (say) cancer at an early stage and treat it than it is to catch it at stage 3 or 4 and spend potentially millions on a possibly preventable catastrophe. There is fairly strong evidence that if the cost of routine preventative care isn’t paid by insurance, quite a lot of people opt to skip it because they can’t afford it, leading to worse outcomes.

The Accountable Care Act (Obamacare) requires most health plans to cover several screening services at no cost to the patient.

https://www.healthcare.gov/coverage/preventive-care-benefits...

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#399

Earlier quoted context omitted.

Pharmaceutical companies spend even more on advertising than on R&D and still highly profitable though.

It could easily be the case that without the advertising spend they would not be profitable. Do you think these publicly traded companies are wasting tons of money on advertising? Where is the shareholder outrage?

It could also be tragic of the commons effect though. High ad spend is necessitated by the high ad spend of competitors.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#400
post #267

Earlier quoted context omitted.

Kaiser has no specific preventative care requirements and does not withhold care if you are not up to date on some schedule. In fact Kaiser works pretty much exactly like any other HMO with the main difference being that insurance is in-house (but a different department, so insurance screwups still happen, but at least the hospital and the insurance are not constantly fighting each other with you stuck in the middle)…

That's interesting. The person I'm familiar with wasn't allowed to get meds for their strep throat until they went through their regular exams since it had been a year or over one or something. It was all very, very quick, but they were quite serious about getting their regular checks in. The patient in particular was in her 50s at the time, so perhaps that's where the difference comes in?

You're not getting the whole story from that person. Competent providers will strongly recommend preventative care services but patients can always refuse.
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