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But there is a reason to increase the price of a drug. To fund research of new drugs. Also if you raise the price of an off-patent drug, other pharmaceuticals
by busterarm 3y ago
But there is a reason to increase the price of a drug.
To fund research of new drugs. Also if you raise the price of an off-patent drug, other pharmaceuticals are incentivized to manufacture a generic to compete with you and bring your prices down. At the time nobody was touching it for 40 years.
Keep in mind that this price is what was charged to insurers. Insurers negotiate the price back down. Uninsured patients up to 5x the federal poverty level were promised the drug for free.
Pharma companies in the US will charge what insurance companies are willing to pay. It's not an issue of individual greed, it's an issue of a regulatory system and set of incentives that collectively are fucking you. There are far more expensive drugs out there than Daraprim with worse markups and nobody is identifying the CEO of those companies and calling them the most hated man on earth.
- deleted 3y ago[deleted]