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Obviously this means a bunch of drug companies went out of business or stopped producing insulin because it was no longer profitable to make?
by wnevets 3y ago
Obviously this means a bunch of drug companies went out of business or stopped producing insulin because it was no longer profitable to make?
- deleted 3y ago[deleted]
- selcuka 3y ago> Obviously this means a bunch of drug companies went out of business or stopped producing insulin If they invested the money they've earned by selling insulin at very high margins for many years into research (as drug companies usually claim), then they should be fine. If their business model depended solely on selling a single product and enjoying the margins, then it's good for the society. Someone else can produce it.
- deadbolt 3y ago8.5 million Americans need insulin. Why doesn't our government just fund and produce it for the people?
- mrkeen 3y agoBecause they might not do it in the future. If I've correctly understood the messaging around "if they give it to you, they can take it away".
- martin8412 3y agoThe price cap just brings down the price to the same amount other countries pay. It's perfectly profitable for the pharmaceutical company to sell at that price. The ones who will suffer are all the middlemen between the end user and the pharmaceutical company. Who would have thought that having a single entity(not focused on profit) negotiating prices for pharmaceutical products would benefit consumers. Well, except every single country with universal healthcare.