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I'm sorry but you act like the insurance companies weren't the target of his scheme and not the patients. Why do you think he got hit so hard? It's because hi
by drenvuk 8y ago
I'm sorry but you act like the insurance companies weren't the target of his scheme and not the patients. Why do you think he got hit so hard? It's because his scheme was effective. I wouldn't be surprised if the insurance companies helped bankroll the investigation and prosecution at the start. He would even give the drug away for free if they couldn't afford it. The same thing goes for other specialty HIV drugs like truvada.
- munk-a 8y agoIt's like the old saying about Russian vs. American missiles, "The Americans build a bomb that can flatten a one mile radius and drop it on the target, the Russians build a bomb that can flatten a ten mile radius and drop it near the target" his offer to "give away the drug for free if they couldn't afford it" wasn't realized, he may have intended it but people off insurance that didn't qualify for medicaid price reductions got hit with the full price - additionally insured customers who were getting the low out of pocket price were still being penalized for requiring such an expensive drug. The system is broken, absolutely, but that doesn't give him a get-out-of-ethical-violations-free card. There's a sibling post I wrote with my personal experience dealing with the ridiculousness of drug pricing, these tricks and games do hit people.
- dragonwriter 8y ago> I'm sorry but you act like the insurance companies weren't the target of his scheme They weren't; insurance company profits are limited to a percentage of reimbursed costs, so the insurers were incedental beneficiaries of the scheme. The targets were insurance premium payers.