Big Pharma pigs out

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Chris, Mar 9, 2011.

  1. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    The price of preventing preterm labor is about to go through the roof. A drug for high-risk pregnant women has cost about $10 to $20 per injection. Next week, the price shoots up to $1,500 a dose, meaning the total cost during a pregnancy could be as much as $30,000.

    That's because the drug, a form of progesterone given as a weekly shot, has been made cheaply for years, mixed in special pharmacies that custom-compound treatments that are not federally approved.

    But recently, KV Pharmaceutical of suburban St.Louis won government approval to exclusively sell the drug, known as Makena (Mah-KEE'-Nah). The March of Dimes and many obstetricians supported that because it means quality will be more consistent and it will be easier to get.

    None of them anticipated the dramatic price hike, though — especially since most of the cost for development and research was shouldered by others in the past.

    "That's a huge increase for something that can't be costing them that much to make. For crying out loud, this is about making money," said Dr. Roger Snow, deputy medical director for Massachusetts' Medicaid program

    Preemie Birth Preventive Spikes From $10 To $1,500 : NPR
     
    • Thank You! Thank You! x 1
  2. Skull Pilot
    Offline

    Skull Pilot Platinum Member

    Joined:
    Nov 17, 2007
    Messages:
    31,816
    Thanks Received:
    4,499
    Trophy Points:
    1,130
    Ratings:
    +10,100
    Maybe people who can't have a child without extensive medical intervention should consider adoption instead of demanding that companies just give their goods away.
     
  3. strollingbones
    Offline

    strollingbones Diamond Member

    Joined:
    Aug 18, 2008
    Messages:
    65,657
    Thanks Received:
    15,626
    Trophy Points:
    2,190
    Location:
    chicken farm
    Ratings:
    +31,971
    no one is demanding anyone give anything away...simply wondering why something that cost 10 bucks is now 1500 bucks, for no reason other than greed.
     
    • Thank You! Thank You! x 1
  4. Skull Pilot
    Offline

    Skull Pilot Platinum Member

    Joined:
    Nov 17, 2007
    Messages:
    31,816
    Thanks Received:
    4,499
    Trophy Points:
    1,130
    Ratings:
    +10,100

    If the market will bear the price then the company can charge whatever it wants.
     
    • Thank You! Thank You! x 1
  5. strollingbones
    Offline

    strollingbones Diamond Member

    Joined:
    Aug 18, 2008
    Messages:
    65,657
    Thanks Received:
    15,626
    Trophy Points:
    2,190
    Location:
    chicken farm
    Ratings:
    +31,971
    will the 'market' bear it....or will the women bear children

    amazing...gopers hate abortion but love money more

    isnt this basically abortion by lack of funds?
     
    • Thank You! Thank You! x 1
  6. Skull Pilot
    Offline

    Skull Pilot Platinum Member

    Joined:
    Nov 17, 2007
    Messages:
    31,816
    Thanks Received:
    4,499
    Trophy Points:
    1,130
    Ratings:
    +10,100
    I'm no GOPer. You should know that by now. And it's not any company's responsibility whether or not a person bears a child.

    If a woman wants a child so badly even though there is obviously something physically wrong with her that she can't carry to term without drugs and extensive medical intervention then that's her problem and her problem alone.
     
  7. AVG-JOE
    Offline

    AVG-JOE American Mutt Staff Member Gold Supporting Member

    Joined:
    Mar 23, 2008
    Messages:
    22,888
    Thanks Received:
    4,882
    Trophy Points:
    260
    Location:
    Your Imagination
    Ratings:
    +7,017
    This is the tell-tale line from the story:

    But recently, KV Pharmaceutical of suburban St.Louis won government approval to exclusively sell the drug,

    Skull Pilot is right. All things being EQUAL, the market sets the price, but when the government creates an exclusive dealer, the government is setting the price.

    If it was quality standards that they wanted, why didn't they just legislate a standard of quality that competing pharmaceutical companies would have to achieve?
     
    • Thank You! Thank You! x 3
  8. AVG-JOE
    Offline

    AVG-JOE American Mutt Staff Member Gold Supporting Member

    Joined:
    Mar 23, 2008
    Messages:
    22,888
    Thanks Received:
    4,882
    Trophy Points:
    260
    Location:
    Your Imagination
    Ratings:
    +7,017
    There is good news:

    Aetna will continue to pay for the drug, Armstrong said, but it will be an expensive pill to swallow. Aetna currently covers it for about 1,000 women a year, so the new federal endorsement is likely to cost an estimated $30 million more annually.



    Pharmaceutical Lobby -vs- Insurance Lobby​


     
    Last edited by a moderator: Aug 18, 2014
  9. AVG-JOE
    Offline

    AVG-JOE American Mutt Staff Member Gold Supporting Member

    Joined:
    Mar 23, 2008
    Messages:
    22,888
    Thanks Received:
    4,882
    Trophy Points:
    260
    Location:
    Your Imagination
    Ratings:
    +7,017
    If this government created monopoly is going to screw Aetna to to tune of $30 million, I hope We, The People are at least offered a smoke after the screwing We're going to get every time KV Pharmaceutical has intercourse with Medicaid. What a scam!
     
  10. Quantum Windbag
    Offline

    Quantum Windbag Gold Member

    Joined:
    May 9, 2010
    Messages:
    58,308
    Thanks Received:
    5,014
    Trophy Points:
    245
    Ratings:
    +5,221
    Those evil Democrats should be ashamed of themselves.
     

Share This Page