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  1. #41
    Titan Lenonis's Avatar
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    Quote Originally Posted by Blastfizzle View Post
    No, that is the reality.
    Ignoring the absurdity of starting your own business as a solution to poor pricing -- patent laws actually make that impossible.

    And as much as people hate them you need patent laws to incentivize the companies to innovate. Drug development is RIDICULOUSLY expensive and you have a high failure rate.

    Anyway -- all that aside you'd think companies would learn by now the optics of drug hikes combined with CEO pay -- but apparently not.

    EDIT -- you absolutely do not want the pharmaceutical industry to be a free market unregulated paradise. The amount of fakery and deaths from drugs was what led to the formation of the FDA in the first place.

    What do should want is all elements of our healthcare system to be not-for-profit. People shouldn't profit off of other's illness.

  2. #42
    Price hikes do have a benefit--- they allow for the best mechanism for scarcity to be corrected. The people who need or want the epi pens the most will pay the increased cost for them, the company making them can use the extra profit to make more and correct the scarcity, and it signals other companies to make more. With a price control, they'd be sold to whoever showed up first until there were none left and then they'd be resold black market style.

  3. #43
    Quote Originally Posted by Hiricine View Post
    Price hikes do have a benefit--- they allow for the best mechanism for scarcity to be corrected. The people who need or want the epi pens the most will pay the increased cost for them, the company making them can use the extra profit to make more and correct the scarcity, and it signals other companies to make more. With a price control, they'd be sold to whoever showed up first until there were none left and then they'd be resold black market style.
    Except it seems they took the extra profit and gave the CEO a raise instead of correcting the scarcity.
    Quote Originally Posted by Rudol Von Stroheim View Post
    I do not need to play the role of "holier than thou". I'm above that..

  4. #44
    Titan Lenonis's Avatar
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    Quote Originally Posted by Hiricine View Post
    Price hikes do have a benefit--- they allow for the best mechanism for scarcity to be corrected. The people who need or want the epi pens the most will pay the increased cost for them, the company making them can use the extra profit to make more and correct the scarcity, and it signals other companies to make more. With a price control, they'd be sold to whoever showed up first until there were none left and then they'd be resold black market style.
    That's way over simplistic and generally not how it really works. Supply is generally constrained by either quality issues or line capacity in the pharma industry -- hence why drug shortages often take a while to be resolved. As mentioned before the patent landscape (not to mention the barriers to entry) generally prohibit timely responses to drug shortages by other companies.

    It's really just profiteering...not some altruistic attempt to stimulate the market.

    EDIT -- raw material supply is often a factor in market shortages too.

  5. #45
    Quote Originally Posted by Dystemper View Post
    http://www.citynews.ca/2015/10/29/ep...ucts-recalled/

    There has been a shortage of Epi pens for over a year now
    No that's not a shortage. A shortage means the producer cannot meet demand and so people bid up the price of them. Are you telling me that they cannot produce enough of these to meet demand?

    - - - Updated - - -

    Quote Originally Posted by Thelin View Post
    The worst part is insurance companies can force you to change your medication to a generic to save them $$. Prior authorization forms are required for mine and they only last a year. Insurance can then say no and make you switch to a generic or similar type of medicine that is on their preferred list (saves them $$)
    ?????

    There is absolutely no difference between a generic product and its branded analogue. If a tablet contains 100 mg of active ingredient then it contains 100 mg of active ingredient.
    Quote Originally Posted by Redtower View Post
    I don't think I ever hide the fact I was a national socialist. The fact I am a German one is what technically makes me a nazi
    Quote Originally Posted by Hooked View Post
    You haven't seen nothing yet, we trumpsters will definitely be getting some cool uniforms soon I hope.

  6. #46
    Quote Originally Posted by alexw View Post
    No that's not a shortage. A shortage means the producer cannot meet demand and so people bid up the price of them. Are you telling me that they cannot produce enough of these to meet demand?
    The story even says that there will only be a limited shortage:

    “As we try to meet this increased demand, Pfizer expects to have short periods of constrained supply over the next few weeks as incremental inventory is shipped from our site.”
    Weeks, not over a year.
    Quote Originally Posted by Rudol Von Stroheim View Post
    I do not need to play the role of "holier than thou". I'm above that..

  7. #47
    Quote Originally Posted by Ifeanychukwu View Post
    Is penicillin really something that you have to worry about in the day to day? I'm allergic to penicillin too but didn't think you could encounter it outside of a doctors office.
    It's more the mold allergy, which is where the penicillin allergy stems from (i have both as well - though antibiotics may or may not be an issue anymore). I missed *so* much school in south texas because i'd get there and be an unresponsive, sniffling mess then come home and run screaming around the house to the point where my mom was positive I was faking it... until I got the allergy tests and whoopsies.

  8. #48
    Titan Lenonis's Avatar
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    Hey folks -- did you know there is a site where you can actually view all the current drug shortages?

    True story:

    http://www.accessdata.fda.gov/script...es/default.cfm

    Epinephrine is listed but the vial version -- nothing about the pen version.

  9. #49
    Quote Originally Posted by Ifeanychukwu View Post
    Is penicillin really something that you have to worry about in the day to day? I'm allergic to penicillin too but didn't think you could encounter it outside of a doctors office.
    Penicillin is produced by mold, so it's not as uncommon as you might think.

  10. #50
    Shit like this should be illegal.

  11. #51
    Titan Lenonis's Avatar
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    Quote Originally Posted by Turaska View Post
    Shit like this should be illegal.
    This is where you get into fun debates with the free market people.

  12. #52
    Quote Originally Posted by Lenonis View Post
    This is where you get into fun debates with the free market people.

    When people's lives hinge on these medicines, greedy corporate bastards shouldn't be allowed to exploit that and make billions off it. It should be illegal. To think we as a human race have progressed to this is appalling, I sinserely hope the very people that are exploiting these medicines get some sort of terminal wasting disease, it's all they deserve.

  13. #53
    Quote Originally Posted by Lenonis View Post
    This is where you get into fun debates with the free market people.
    This is actually a monopoly. But then markets tend toward monopolies because companies hate competition. Why do the hard work of competing when you can buy them out or game them by buying legislators to keep competitors out? Ergo there is no such thing as a free market. Markets always need gardeners to keep the garden in order and stop it being from being over-run by weeds.
    Quote Originally Posted by Redtower View Post
    I don't think I ever hide the fact I was a national socialist. The fact I am a German one is what technically makes me a nazi
    Quote Originally Posted by Hooked View Post
    You haven't seen nothing yet, we trumpsters will definitely be getting some cool uniforms soon I hope.

  14. #54
    Land of the greed at it again I see. What a surprise. Why not sell the whole country and it's people to top corporations while at it? They already control the place anyways.
    Quote Originally Posted by Jtbrig7390 View Post
    True, I was just bored and tired but you are correct.

    Last edited by Thwart; Today at 05:21 PM. Reason: Infracted for flaming
    Quote Originally Posted by epigramx View Post
    millennials were the kids of the 9/11 survivors.

  15. #55
    Quote Originally Posted by alexw View Post
    No that's not a shortage. A shortage means the producer cannot meet demand and so people bid up the price of them. Are you telling me that they cannot produce enough of these to meet demand?

    - - - Updated - - -



    ?????

    There is absolutely no difference between a generic product and its branded analogue. If a tablet contains 100 mg of active ingredient then it contains 100 mg of active ingredient.
    I know the same active ingredient has to be used going back I meant to say inactive so that was my mistake was eating lunch. they don't have to use the same inactive ones however (not saying that's of great significance). In my case when I switched to a generic version of my maintenance medication I had an adverse reaction and the doctor signed a letter asking for the approval and they put me back on it. My case may be outside the norm but I can't imagine its uncommon.
    Last edited by Thelin; 2016-08-24 at 05:33 PM.

  16. #56
    Thank god I was born with a hardy body. I've never had allergies of any kind.

  17. #57
    Unregulated, for-profit healthcare industry at work. There will still be people thinking this is OK.
    The wise wolf who's pride is her wisdom isn't so sharp as drunk.

  18. #58
    Deleted
    671% pay rise, wow, if I could somehow get the commissioners to do that to my salary, hmmm.

  19. #59
    Titan I Push Buttons's Avatar
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    Quote Originally Posted by Linadra View Post
    Land of the greed at it again I see. What a surprise. Why not sell the whole country and it's people to top corporations while at it? They already control the place anyways.
    I am sure if they could lobby for the return of slavery and still get people to actually vote for the politicians they buy to support it, they would.

  20. #60
    Quote Originally Posted by I Push Buttons View Post
    I am sure if they could lobby for the return of slavery and still get people to actually vote for the politicians they buy to support it, they would.
    Yeah, what's better than paying workers unlivable trash wages? To have them as slaves and pay nothing. I'm sure they would.
    Quote Originally Posted by Jtbrig7390 View Post
    True, I was just bored and tired but you are correct.

    Last edited by Thwart; Today at 05:21 PM. Reason: Infracted for flaming
    Quote Originally Posted by epigramx View Post
    millennials were the kids of the 9/11 survivors.

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