Global health agencies announced Wednesday that generic versions of a groundbreaking injectable drug to prevent HIV will be made available from 2027 at around $40 a year in more than 100 low and middle-income…
The problem is recovering all the development costs
Yeeeaaahhh, but no.
There is also a huge amount of plain greed in there, drug companies aren’t exactly known for being very generous to put it mildly. Cost of healthcare in the US is beyond insanely expensive and that isn’t just because Americans are rich, the vast majority aren’t and for many, getting sick is not only a death sentence, it’s also a death sentence to the family as they’ll be stuck with the medical bills that will bankrupt them.
The US healthcare system is beyond fucked up with corruption and just plain extortion. Wanna live? Say, that’s a nice first born you have there!
The issue here is that the bigger insurance companies literally set the prices for services and drugs.
You wanna keep doing business with United, you charge them what they’re willing to pay, otherwise they’ll just reject claims or put you out of network altogether.
Yeeeaaahhh, but no.
There is also a huge amount of plain greed in there, drug companies aren’t exactly known for being very generous to put it mildly. Cost of healthcare in the US is beyond insanely expensive and that isn’t just because Americans are rich, the vast majority aren’t and for many, getting sick is not only a death sentence, it’s also a death sentence to the family as they’ll be stuck with the medical bills that will bankrupt them.
The US healthcare system is beyond fucked up with corruption and just plain extortion. Wanna live? Say, that’s a nice first born you have there!
I’ve encountered this: This treatment is $10,000 if you pay out of pocket, but we’ll charge your insurance company $680 for it.
The issue here is that the bigger insurance companies literally set the prices for services and drugs.
You wanna keep doing business with United, you charge them what they’re willing to pay, otherwise they’ll just reject claims or put you out of network altogether.
It’s FUBAR.