4 ms·
Just to throw something out there to start, I would limit price hikes over time, say 10% a year. I'm open to any alternatives.
by Clubber 9y ago
Just to throw something out there to start, I would limit price hikes over time, say 10% a year. I'm open to any alternatives.
- wfunction 9y agoWithout even any mention of what the manufacturer can do to cover cost increases? You really think it can be so simple?
- Clubber 9y agoI would suspect the vast majority of the cost of drugs is R&D, including the FDA approval process. They can factor that in on initial cost when they release the drug. The 10% is only for increases. Hopefully instead of someone buying a drug that has already been released won't buy it because they can jack up the price 5000%. They would have to factor in the 10% rule when purchasing. Unfortunately this might lead to expensive release costs, but that already happens. It might not be perfect, but 6000% increases because more yachts is a hell of a lot worse.