why does medicine cost so much?

[breadisfunny]

okay so my anti-seizure meds cost me 700-800$ a month. my adderoll costs 300$ a month why is this? do they cost that much to make? or is it companies being greedy? how can people justify defending this kind of healthcare?

[Bryntrollian]

okay so my anti-seizure meds cost me 700-800$ a month. my adderoll costs 300$ a month why is this? do they cost that much to make? or is it companies being greedy?

Its mostly greed

[obdigore]

okay so my anti-seizure meds cost me 700-800$ a month. my adderoll costs 300$ a month why is this? do they cost that much to make? or is it companies being greedy? how can people justify defending this kind of healthcare?

You dare question my CAPITALISM?

[breadisfunny]

then what is the point of having healthcare if without insurance you can't afford it. shouldnt society work on making healthcare affordable? how is a student like me supposed to afford this?

[obdigore]

then what is the point of having healthcare if without insurance you can't afford it. shouldnt society work on making healthcare affordable? how is a student like me supposed to afford this?

CAPITALISM fixes everything. Don't question. OBEY.

[breadisfunny]

CAPITALISM fixes everything. Don't question. OBEY.

what does capitalism have to do with people being able to be healthy?

[Rukentuts]

what does capitalism have to do with people being able to be healthy?

It has to do with high prices.

[breadisfunny]

It has to do with high prices.

why can't medicine be subject to having the base price lowered based upon various economic factors like everything else in capitalism? i have never seen a price for a specific medicine go down ever. only up.

[obdigore]

why can't medicine be subject to having the base price lowered based upon various economic factors like everything else in capitalism? i have never seen a price for a specific medicine go down ever. only up.

That is the miracle of CAPITALISM.

[GreatOak]

That is the miracle of CAPITALISM.

Finished yet?

[vizzle]

That is the miracle of CAPITALISM.

You're confusing him with that word.

[breadisfunny]

That is the miracle of CAPITALISM.

except capitalism is based upon supply and demand and several various other factors.....surely by now they would have recouped the expenses to develop and its not like it's hard to mass produce it. i have never seen any advertising for anti-seizure medication.

[vindicatorx]

Its mostly greed

That $500 million average price to get a drug through clinical trials doesn't have any affect though right?

[Bodaway]

Do you not have health insurance? Sometimes the actual costs can be negotiated if you don't have any coverage to help pay for it. Contact the drug manufacturer.

[vindicatorx]

why can't medicine be subject to having the base price lowered based upon various economic factors like everything else in capitalism? i have never seen a price for a specific medicine go down ever. only up.

Look up how much a company has to spend to get a drug from starting phase through clinical trials before it gets to you. Half a billion to get a drug to market is a pretty big chunk of change. You think they like spending this amount of money without the hope of getting their money back?

[breadisfunny]

Do you not have health insurance? Sometimes the actual costs can be negotiated if you don't have any coverage to help pay for it. Contact the drug manufacturer.

i used to. dont have it anymore. was covered under parents. dont make enough to afford it. definitely dont make enough to afford my meds. they cost about 11k a year.
make enough to pay my student loan payments and to go to school.

also what makes the process cost 500 million? i've never seen it fully explained how that money adds up.

[Masark]

except capitalism is based upon supply and demand and several various other factors.....surely by now they would have recouped the expenses to develop and its not like it's hard to mass produce it. i have never seen any advertising for anti-seizure medication.

It is based on supply and demand.

They demand lots of money for their product, and since you don't really have the option to not buy their product (the whole "health" thing), you supply it.

Medicine resoundingly lacks most of the criteria for a perfect competitive market, therefore the result of rather of leaving it to run as such (without price control regulations, etc.) is rather decidedly non-perfect.

[Deleted]

except capitalism is based upon supply and demand and several various other factors.....surely by now they would have recouped the expenses to develop and its not like it's hard to mass produce it. i have never seen any advertising for anti-seizure medication.

There is always a demand for meds of all sorts.

Hell health care is the best example of Capitalism, make something for next to nothing and sell it to people for alot more and make mad profits, then laugh because you trademarked the medicine so noone can make a cheap version without been sued into next week.

That $500 million average price to get a drug through clinical trials doesn't have any affect though right?

Yea I'm sure they don't make that back in no time at all.

Edit:

Also when was the last time you heard of a big Medicine company going bust or having money problems.

[vindicatorx]

also what makes the process cost 500 million? i've never seen it fully explained how that money adds up.

Google what it takes to make a new drug

here took 2 seconds to find this and I did it all myself.
http://en.wikipedia.org/wiki/Drug_development

[Agrias-Oaks]

you guys have to realize not even all drugs make it to the testing phase, a lot of money is spent on R&D and also a lot of failed experiments that never even made it to testing. Did you factor the cost for those? I'm not saying big pharma doesn't make money, because they do, but to say that there's no risk in it is plain ignorance.