4 ms·

All three of your numbers are purely hypothetical and are likely out by one or two orders of magnitude. My point is that people saying that it is overpriced do

by Narkov 7y ago

All three of your numbers are purely hypothetical and are likely out by one or two orders of magnitude. My point is that people saying that it is overpriced don't understand the input costs of medical devices.

jagger27 7y ago
You're right, it's probably closer to a billion dollars to develop and $0.10 to produce. Doesn't change my argument very much.
gerdesj 7y ago
"Let's say the regulatory costs add up to $100,000,000 and the valve has a marginal cost of $1.00 to make and distribute." That's two numbers relating to the cost of production. The second is the cost that a 3D printer doing one off prints actually costs (it's in the article, as a rough estimate.) The first number is a deliberately chosen "insane" example figure to show the absurdity of an $11,000 part. A medical test n license for a single part of a device does not cost anything like $100M. Now as to the market for these things - the third number. Nearly 8,000 people have died so far. I can't be arsed to extrapolate further but I recall reading that these are single use devices.
negrit 7y ago
The very likely overpriced. The healthcare industry made over $100 billion in the US only in 2018. I've experienced it first hand, UCSF tried to force me into buying a ($174) kneebrace for over $2400... And the fact that they are threatening to sue for something they couldn't sell is disgusting.
manicdee 7y ago
“People don’t understand the development costs” sounds like intellectual onanism to me. You don’t know the cost of development yourself. If you want people to understand, provide better numbers instead of masturbating harder. In the meantime medical equipment executives have garages of luxury cars and mansions on Majorca. That money came from people seeking treatment for life threatening conditions.

4 ms·

All three of your numbers are purely hypothetical and are likely out by one or two orders of magnitude. My point is that people saying that it is overpriced do

by Narkov 7y ago

jagger27 7y ago
You're right, it's probably closer to a billion dollars to develop and $0.10 to produce. Doesn't change my argument very much.
gerdesj 7y ago
"Let's say the regulatory costs add up to $100,000,000 and the valve has a marginal cost of $1.00 to make and distribute." That's two numbers relating to the cost of production. The second is the cost that a 3D printer doing one off prints actually costs (it's in the article, as a rough estimate.) The first number is a deliberately chosen "insane" example figure to show the absurdity of an $11,000 part. A medical test n license for a single part of a device does not cost anything like $100M. Now as to the market for these things - the third number. Nearly 8,000 people have died so far. I can't be arsed to extrapolate further but I recall reading that these are single use devices.
negrit 7y ago
The very likely overpriced. The healthcare industry made over $100 billion in the US only in 2018. I've experienced it first hand, UCSF tried to force me into buying a ($174) kneebrace for over $2400... And the fact that they are threatening to sue for something they couldn't sell is disgusting.
manicdee 7y ago
“People don’t understand the development costs” sounds like intellectual onanism to me. You don’t know the cost of development yourself. If you want people to understand, provide better numbers instead of masturbating harder. In the meantime medical equipment executives have garages of luxury cars and mansions on Majorca. That money came from people seeking treatment for life threatening conditions.