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Another important question: how will pharma companies even know whether their drugs work? It’s ridiculously, ridiculously hard to figure this out even if you’r
by ethanbond 3y ago
Another important question: how will pharma companies even know whether their drugs work?
It’s ridiculously, ridiculously hard to figure this out even if you’re not a bad actor and you do have a drug that works. The only reason to go through that effort is for FDA’s stamp.
- ekianjo 3y agoInsurers. They would set up their own monitoring systems to insure drugs that work even if the FDA did not exist.
- RandomLensman 3y agoWhy would drug manufacturers do that (instead of just using a limited corp per drug, for example)? Why would insurers take on some massive tail risk (and how would they get the capital for that)?
- from-nibly 3y agoI think insurers would just put pressure on the companies. They would just not pay for the medication unless it was proven to not put their customers at risk, lest they have to pay for the treatment of the treatment.
- RandomLensman 3y agoThe health insurer might not be the same as the one taking the tail risk on the medication.