4 ms·
I meant the manufacturer controls the price at which they sell. Ie, if drug X costs $15 to make, and the manufacturer chooses to sell it to retailers/distributo
by gm 5y ago
I meant the manufacturer controls the price at which they sell. Ie, if drug X costs $15 to make, and the manufacturer chooses to sell it to retailers/distributors at $2000, they are free to do that.
- thaumasiotes 5y agoIf that's what you meant, all those people who assumed medicine was like any other product were correct.
- s1artibartfast 5y agoThe difference is who you buy from and how difficult they are to go around to get to the manufacturer.
- thaumasiotes 5y agoThe difference would appear to be whether you buy a name-brand drug or a generic equivalent.
- s1artibartfast 5y agoI don't think that has any impact whatsoever. If people think they are buying a drug from a manufacturer they are wrong. Typically they are paying insurance who pays the pharmacy, who pays the PBM who pays the Manufacturer. This is true for generics and brand-name. Each step has price negotiations and a bunch of mixed incentives.
- gm 5y ago>If people think they are buying a drug from a manufacturer they are wrong. No one is saying that (at least on this thread). All I'm saying laypeople assume the mfg is the bad guy when it comes to high drug prices. Time and time again on the news we are told that X drug costs $$$$$ in the US and the exact same drug costs orders of magnitude less in some other country. Everyone points the finger at the drug mfgs. What I'm saying is that it's good that the secret is getting out that the mfgs are not necessarily the bad guys, and there's all these other companies involved in the drug price crisis.
- thaumasiotes 5y agoBut that's wrong. Those high prices come from high prices set by the manufacturer. (Side note - why is there a "g" in "manufacturer"?) Other parties are still free to mark up their goods for resale. But drugs they bought for cheap get sold for (less) cheap, and drugs they bought at a high price get sold at a high(er) price. When you see an eye-popping price, that's because the manufacturer charged an eye-popping price.
- thaumasiotes 5y ago> I don't think that has any impact whatsoever. Then you've never bothered to compare the price of a branded drug with a generic in the same pharmacy.
- s1artibartfast 5y agoI'm agree that the prices are different. Im Saying that the parties who negotiate the your ice are the same for generic and brand drugs