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Given that the raw materials are incredibly cheap compared to the resulting medications, charging often $10+ per pill for what costs a fraction of a cent with a
by modells 8y ago
Given that the raw materials are incredibly cheap compared to the resulting medications, charging often $10+ per pill for what costs a fraction of a cent with all costs included, patients ought to consider banding together and forming an employee- and customer-owned co-op generics pharmaceuticals co. that charges cost plus X%.
- airstrike 8y agoExcept they can't manufacture drugs if someone else owns the patents. Drug prices drop significantly after generics come into play, at least for those drugs that are very easy to produce.
- modells 8y agosmh. READ. Generics. There are overpriced generics which make absolutely no sense other than a lack of competition.
- airstrike 8y agoYeah, but Joe Startup can address that as much as these hospitals -- and will potentially be better at it since manufacturing drugs isn't the core business of these hospitals.
- markdown 8y agoI like this idea. If they only operated online (no brick-and-mortar), that'd cut costs even more.
- refurb 8y agoThe expensive generics are the ones where there isn't much demand and few patients. Not much of a population to develop a co-op from.