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hope they don't jack up the prices to some unreasonable levels like some companies like to do
by rastafang 5y ago
hope they don't jack up the prices to some unreasonable levels like some companies like to do
- bpodgursky 5y agoI hope they jack up the vaccine prices really high and then use the money to cure every other disease.
- frashelaw 5y agoyou F R E E M A R K E T people really boggle my mind
- bpodgursky 5y agoUs free market people built the world's best vaccines. You're welcome.
- b0tzzzzzzman 5y agoThat so? Why was the definition changed after mRNA was being forced into people?
- bpodgursky 5y agoI oppose vaccine mandates yet believe, backed by good evidence, that the mRNA vaccines dominate any other COVID vaccine available. The two should not be related.
- b0tzzzzzzman 5y agoI can agree with you. I am not trying to press antivax or for vaccines. I am trying to highlight how terminology was changed to allow covid mRNA to qualify under the FDA. I also was taken aback by the full on defense of 'capitalism' as it relates to the covid shots. That was not a freemarket driven choice. It was paid for by the US government via tax payers. To conflate them because of social purpose, or whatever ideology people want is just wrong. They stand to make decades of profit and it wasn't some high moral road. It was only for money.
- b0tzzzzzzman 5y agoThanks for the reply, most just downvote me into nothing.
- jakeinspace 5y agoThat's not exactly true. Vaccines don't tend to be highly profitable, and R&D is often subsidized by the government. Salk's polio vaccine was developed in a university lab and never patented.
- DantesKite 5y agoI wouldn't mind at least some subsidization by the government to keep prices affordable and cheap. I love the engine of capitalism and free market, but when you're in ill health, you really need all the help you can get.
- p2t2p 5y agoAll this will do in mid and long term is they'll jack prices up even higher because they can, just went government did to college loans. I was reading somewhere where people linked price growth to growth of medical insurance, the point was that add soon as people stopped print from their own pockets they stopped caring and started to take whatever doctors said and the companies started marketing to doctors and making agreements with then and so on and do on. Can't find the link unfortunately.
- p2t2p 5y agoI won't try posting from my phone every again :picardfacepalm:. Because the edit button is gone now, I'll just re-write it in a readable way. All this will do in mid and long term is that they'll jack prices up even higher because they can, just like what government did to college loans. I was reading somewhere where people linked price growth to growth of medical insurance, the point was that as soon as people stopped paying from their own pockets they stopped caring and started to take whatever doctors said and the companies started marketing to doctors and making agreements with them and so on and so on. Can't find the link unfortunately.
- BizarroLand 5y agoI mean, I would pay $350 to have the peace of mind that I am immune. I don't engage in any risky behaviors, no drug use, monogamous relationship, but if my $350 protects me from a stay blood transfusion or freak accident and helps cover the cost of at-risk populations getting protected, then that would be fantastic.
- anakaine 5y agoThats not how this works. Extra money goes to investors who then choose to do what they want with it. Rather, seek subsidies and use the success to chase government grants and reinvest that money for the greater good.
- refurb 5y agoSure that’s how it works. Average R&D spend is ~20%, so 20% of the price paid goes back into R&D right now. And yes, money goes back to investors who often reinvest it into biotech.
- bpodgursky 5y agoIt amuses me to imagine, how grandparent imagines investors cash out of biotech: buying a large pool of gold and swimming in it? If you make a billion dollars on biotech... it has to go somewhere (banks are for chumps!), so it's going back into either the public market, or venture capital. And if you made a billion on biotech once....
- refurb 5y agoSimilar to tech, the founders who walk away with billions start their own funds as well.
- deleted 5y ago[deleted]