3 ms·
The problem is not just with cancer drugs, it's with drugs of all types. There's a scorpion antivenom that routinely costs $12,000 or more per vial in the Unit
by erbo 11y ago
The problem is not just with cancer drugs, it's with drugs of all types.
There's a scorpion antivenom that routinely costs $12,000 or more per vial in the United States. That same antivenom, with the same level of purity, is available over the counter in Mexico for $100/vial. [1] Yet, if you were to go there, fill your trunk with scorpion antivenom, then bring it back to the U.S. and try to sell it at a 100% markup (which would be a pretty sweet profit for you, but would also drive the cost way down), the Feds would confiscate it and likely throw you in prison.
The drug Sovaldi, a treatment for hepatitis C, costs $85,000 for a course of treatment in the U.S., and only $1,500 in India. This has one executive coming up with insane plans like docking a cruise ship carrying the drug in international waters off Miami, and ferrying U.S. patients to the boat to be treated. [2]
Of course, there are laws on the books that allow pharmaceutical companies to get away with these prices...because, if there weren't, these would be felony violations of the Sherman and Clayton Acts.
Real health care reform would involve wiping those special protection laws off the books and taking legal action against the companies engaging in these practices, with prison sentences for the people involved. Unfortunately, what we've wound up with is a "Patient Protection and Affordable Care Act" that neither protects patients nor makes care affordable.
[1] http://www.nydailynews.com/news/national/arizona-woman-feeling-pain-83-046-bill-anti-venom-drug-seeking-medical-treatment-scorpion-sting-article-1.1152754 http://www.nydailynews.com/news/national/arizona-woman-feeli...
[2] http://www.bloomberg.com/news/articles/2015-06-01/hepatitis-cruise-india-trips-among-plans-to-save-on-1-000-pill http://www.bloomberg.com/news/articles/2015-06-01/hepatitis-...