4 ms·
It comes down to profit. Low to negative profit equals no medications. We need to give incentives to manufactures to produce the meds. Years ago , the Orphan D
by WheelsAtLarge 3y ago
It comes down to profit. Low to negative profit equals no medications. We need to give incentives to manufactures to produce the meds.
Years ago , the Orphan Drug Act law passed by Congress in 1983 incentivized the development of drugs to treat rare diseases. It worked. It has produced numerous drugs to treat rare diseases. They are very expensive but they exist vs not existing at all. If we can get a similar act that would give incentives to manufacture these vital drugs at a reasonable price then it would be a win for everyone.
My first guess would be to have a minimum price that's equal to manufacture cost plus 15% profit.
People are going to automatically oppose it because it will raise prices but the fact is we live in a capitalist system that produces nothing unless it produces a profit too. I would rather have the drugs available that save lives and pay a bit more than not having them at all.
- andrekandre 3y ago> have a minimum price that's equal to manufacture cost plus 15% profit. > the fact is we live in a capitalist system the gov't setting a fixed profit rate doesn't sound like capitalism to me...
- sillywalk 3y agoIt's called a cost+ contract.