The ‘whole gain’ for society is the medications that come out of investors putting money into these companies, instead of, say, Facebook. In 10-15 years, every

The ‘whole gain’ for society is the medications that come out of investors putting money into these companies, instead of, say, Facebook. In 10-15 years, every new medication released today, will be off patent — and with insurance helping with payments taking into consideration — essentially free. Mind you, we are also talking about diseases for which no therapies exist today, and therefore the cost is effectively infinite in 2024. Another point this story glosses over is that the $14.6B spent on R&D, represents nearly 1/3 of the entire National Institutes for Health $47B 2023 budget. And this is by a single company.