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When we pay $1,000+ per pill for our newest cancer drug we are not paying $1,000 for the few micrograms of active ingredients. Same in agriculture, when we say,
by kylebenzle 3y ago
When we pay $1,000+ per pill for our newest cancer drug we are not paying $1,000 for the few micrograms of active ingredients. Same in agriculture, when we say, "It takes 5 gallons of fuel to produce 1 gallon of soybean oil" we don't mean of course that there is ANY fuel IN the soybean oil (WE HOPE!). Same with water, we say it takes about 1 gallon of water to grow 1 almond, again, there is not actually 1 gallon of H20 in each almond.
- Scoundreller 3y ago> When we pay $1,000+ per pill for our newest cancer drug we are not paying $1,000 for the few micrograms of active ingredients. My usual statement is that the first (approved) microgram costs a billion dollars, the rest of the doses are basically free. Commence pricing games to sort that out.
- tzs 3y agoThere's a big difference between fuel and water. When that 5 gallons of fuel is used to produce 1 gallon of soybean oil the fuel is consumed. It undergoes a chemical transformation that results in it becoming non-fuel. When 1 gallon of water is used to grow 1 almond, only a very tiny amount of the water undergoes a chemical transformation into non-water. The rest (over 99.9% of it) remains as water at the almond farm. It is no longer in easily accessible pipes or storage tanks, instead becoming water vapor in the air or moisture in the soil, but it is still water. It is going to end up eventually in someplace where it will be usable.