3 ms·
There is no market for healthcare and medicines in the US. Its just an illusion. US runs so much on the whims of the health insurance industry, that $1000 pill
by calvinbhai 11y ago
There is no market for healthcare and medicines in the US. Its just an illusion.
US runs so much on the whims of the health insurance industry, that $1000 pill justifies a rich/middle class family's $1000 a month insurance premium.
Would the families/individuals pay the same expensive premium every month, if the pill was available for even $100 in US?
I pity the guy who jacked up the price of the pill in US, and got burned online. All he was doing, was to take a bigger chunk from the stinking rich health insurance companies, and providing the product in the US "Market".
I live in US and have spoken many Americans as to why they don't think of going to India for medical reasons. I was expecting some kind of a condescending / patronizing response about quality of service etc. Often, the response is that they have a "sunk cost of expensive monthly premiums", which gives them the illusion that getting treated in US costs lesser.
The blow of a $1000 pill is softened, to those who pay the expensive premiums.
As someone who moved from India to US, I can know market prices of individual tablets /medicines in India, but its way too difficult to know the "market rate" of medicines in US, unless you go by the rates shown by your health insurance company.