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I still disagree, I don't think costs are high because of collusion. I've seen no evidence of collusion between insurance companies or drug companies, which wou
by allenz 10y ago
I still disagree, I don't think costs are high because of collusion. I've seen no evidence of collusion between insurance companies or drug companies, which would be very illegal.
There is no reason for collusion. You say that people fear expensive drugs, but there is no need to manufacture fear. People already fear complicated hospital procedures, which can cost $1 million. Hospital procedures are more expensive than expensive drugs.
I think that you're ignoring the fact that it takes $1+ billion to develop a drug. You want to buy drugs for the price of a movie ticket, even though a drug costs 1000x more than a movie, involves much more risk to develop, and is used by fewer people.