Raising drug prices because they can

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on_the_hill said:
What I meant is that greed, putting one’s own desire for material wealth over the welfare of others, is not a Catholic way of life.
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And what I meant is that it is the reality of the capitalistic free market economy…and capitalism, without authoritarian control does take into account not only the desire of investors for their material wealth, but the welfare of others.

If you spent anytime around the industry, especially the bio and pharma companies that deal with oncology research, you might find that it is not just me, but many in the business, who are driven not just by material gains (mainly, making a living), but by the losses we have endured personally by the death of friends and loved ones to cancer.

So, yes, your shortsighted comments are hurtful to those who work for a cure!
 
How would we know until enough people start dying and the news media reports on it?
 
Theo520 said:
Here is a good comparison on how abnormal big pharma is
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“abnormal” perhaps, but the subjectivity of Olson data is evidenced early in his blog when he writes: (italics and bold font are mine)

“In early 2015, John Oliver and his team released an excellent exposé on Big Pharma and their shady marketing tactics. Shortly thereafter, Leon Markovitz from dadaviz released the following bubble chart to feed the ensuing anti-Big Pharma news cycle.”

Perhaps Big Pharma is guilty of “shady practices”, but spending on marketing is not shady, but simply a business decision.

And Olson correctly points out Markovitz’s objective was not to show how much Big-Pharma spends on marketing, but to pile on (or as he says, feed) “the ensuing anti-Big Pharma news cycle”’.
 
DIERM said:
“abnormal” perhaps, but the subjectivity of
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NICE deflection from the issue,
YOU got skills!

I’ll repeat

Big Pharma spends significant $ to manipulate Govt regulations, so they can protect their profits and avoid competition (even with themselves).

The US Consumers spend far more for the same drug vs other countries, this means US consumers are the ones funding the exorbitant profit margins, marketing budgets, and what amount is actually spent on R&D.
 
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Drugs would almost certainly fall under the Interstate Commerce clause, so no, very constitutional
 
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