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I strongly success people listen to the Aquired episode on Novo Nordisk. It's quite interesting and we'll researched. https://www.acquired.fm/episodes/novo-nor
by RealityVoid 3y ago
I strongly success people listen to the Aquired episode on Novo Nordisk. It's quite interesting and we'll researched.
https://www.acquired.fm/episodes/novo-nordisk-ozempic https://www.acquired.fm/episodes/novo-nordisk-ozempic
If you don't want to listen, there is the transcript right there on the page.
In there, they mentioned "It's pretty interesting. Pharma as a whole of the medical pie only occupies about 13% of revenue."
”The administrative costs of health insurance are 8%."
"I will say, who is taking any risk in this whole ecosystem? It's only pharma. Who's taking risk to innovate and make anything better? Every other bet that a hospital makes or that an insurance company is just probably going to pay off."
Say what you will, but pharma is pushing healthcare forward so I am not against them making money. Of course, I also don't want people to have lack of healthcare access because merely money, so there is a line to tow here.
The way insurance and drug pricing works in the US is bonkers and I would not solely blame pharma for that.