3 ms·
Most insulin companies are not really making endless profit growth. They are very profitable but not by as much as you think. Secondly, no one runs a business o
by KorematsuFred 8y ago
Most insulin companies are not really making endless profit growth. They are very profitable but not by as much as you think. Secondly, no one runs a business of charity. Can't really blame them if they want to make huge profit by offering you something you really want.
The real solution here is that FDA needs to close the loopholes on the patents that help them renew patents indefinitely. Secondly, drug import must be simplified from countries like Canada, China and Mexico for personal consumption.
Third, people should opt for cheaper alternatives which might be slightly less effective than cutting edge.
- fzeroracer 8y agoI just wanted to start by addressing this one really disengenous comment >Can't really blame them if they want to make huge profit by offering you something you really want This isn't a company offering you something you really want. This is a company gouging the prices on something you literally need to live. So allow me to call you out on that shitty argument, first of all. And second, many people don't have the option to opt for cheaper alternatives. They have one choice, which often leads to people having to ration their insulin and die from it [1]. So I would highly recommend you actually do some reading up on the situation before you make claims about alternatives. [1] https://www.npr.org/sections/health-shots/2018/09/01/641615877/insulins-high-cost-leads-to-lethal-rationing https://www.npr.org/sections/health-shots/2018/09/01/6416158...
- KorematsuFred 8y ago> This isn't a company offering you something you really want. That is completely irrelevant in my opinion. The question is would you have have $300 insulin or none ? That is the choice consumer has unless of course someone (like government) can use coercive force against the company. In that case less companies would be willing to even enter the market. Yes, expensive health treatment leads to death. There is nothing surprising about it. It is the way of life. But to avoid that death you can not steal from others or force others to work against their will.
- fzeroracer 8y agoFor a lot of people, the answer is none. You're advocating for the death of people who can't afford insulin which to me is completely and utterly barbaric. In this case, the end result is going to be either the government stepping in (since the role of the government is to ideally care for its citizens) and forcing prices down, or the people suffering will eventually enact violent action against said corporations.
- KorematsuFred 8y agoI do not see why slavery and theft is a morally superior choice here either. People suffering would eventually be violent towards the corporations then they would destroy what little chance they even had to survive. Most societies like Venezuella, India have tried that model and are curently at the bottom of the pile.
- KorematsuFred 8y agoAlso here are numbers: Eli Lilly had a revenue of $22B with a net income of just $204M last year. So roughly they have made $1 profit for every $100 of revenue. Does not look like "endless greed for profit" to me here. In fact I will not buy their stocks.
- fzeroracer 8y agoPeople are going to be violent when they're pushed into a corner where they have no chance of survival. Again, you're advocating for the death of people that can't afford insulin. Why do you believe people deserve to die if they can't afford it?
- gdy 8y agoAnd this is why I despise libertarians.