News for hackers. Stuff that matters.

A comment on Nonprofit Working to Block Drug Imports Has Ties to Pharma Lobby. Parent comment

Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by johnchristopher on Tuesday April 18, 2017 @12:14PM (#14140043)
Even so, 430 times the lowest price shows how distorted the market is.

Unless it's okay because we can rationalize it as "it helps make the product accessible to poorer countries".

[ Parent | on HN ]
Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by briandear on Tuesday April 18, 2017 @01:42PM (#14141018)
The US price subsidizes the Sierra Leon price. You also don't have multi-million dollar lawsuits in Sierra Leon.

Want to lower drug prices? Enact tort reform.

[ Parent | on HN ]
Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by sbov on Tuesday April 18, 2017 @01:57PM (#14141178)
Texas has tried pretty much every piece of trope certain political parties like to trot out to "fix" medical care, including tort reform. It hasn't done a damn thing.
[ Parent | on HN ]
Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by tasty_freeze on Tuesday April 18, 2017 @10:47PM (#14145074)
What percent of, say, Merck's annual budget goes towards paying out due to court cases they have lost where tort reform might make a difference? (I mean, ignore any lawsuits surrounding business practices, or from a competitor) Or pick any other pharma giant.

I tried to google it myself but didn't find anything clear on the matter.

[ Parent | on HN ]
Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by summarite on Tuesday April 18, 2017 @03:21PM (#14142022)
What nonsense. It's out of patent. There's no cost anymore except production and distribution. It's not a matter of recovering costs anymore, it's an oligopoly fixing the prices.
[ Parent | on HN ]