ImmutableTenderloin: Y'all think government could do better?
cocozilla: ImmutableTenderloin: Y'all think government could do better?Yes
FormlessOne: "While the price is a little higher than expected, I do think it has a chance of being successful because 1) existing drugs are also very expensive and 2) hemophilia patients constantly live in fear of bleeds," said Brad Loncar, a biotechnology investor and chief executive officer of Loncar Investments.Monstrous. "The other drugs are expensive, and everyone's terrified to die - we can milk their apprehension and fear for MILLIONS!"Average annual cost of hemophilia B treatment ranges from $85K to $263K. This is quite literally a company saying "we're worth 10 years of treatment, insurance companies - we're betting you'll pay us once rather than someone else ten times." The actual cost of producing this new treatment? Irrelevant. They will charge whatever they think that they can get for it.
edmo: So there's one, maybe two rich guys who will pay for that.
Likwit: Man. There's a lot of things I miss about living in the US. The "healthcare" isn't one of them.
Another Government Employee: Question: How many infusions of the other drug does the cost equal?Yeah, that's a ridiculous price that isn't likely to go down because there is not enough market.
Intrepid00: Between the US and EU that's 56 Billion dollars in revenue for existing patients.
jake3988: It's almost as if spending tens of billions of dollars researching a treatment for an extremely rare disease means the treatment is going to be really expensive.Who knew?/Math, how DOES it work?
JK8Fan: .They all should be in prison.
My Second Fark Account: For profit healthcare is so ingrained into the American psyche that this thread is filled with people defending a $3.5 million shot. Great.