Re:Public Enemy: quotes from the Martin Shkreli jury selecti...
by orthoganol on Wednesday August 16, 2017 @11:41AM
(#15028364)
According to that Vice interview it's a fraction of a penny, and some giant corporations like Walmart were the only ones who actually stood to lose anything, which maybe helps explain why our corporate-controlled media was quick to portray him as the devil.
Re:Public Enemy: quotes from the Martin Shkreli jury selecti...
by maxerickson on Wednesday August 16, 2017 @11:44AM
(#15028399)
What is your "it"?
Re:Public Enemy: quotes from the Martin Shkreli jury selecti...
by stagbeetle on Wednesday August 16, 2017 @12:18PM
(#15028694)
Cost pass-off to consumers.
If we assume all 2,000 people that use daraprim daily at $120 a daily dose, it comes out to $87,600,000 yearly.
If we assume half of Americans don't have insurance (160 million), each American would see a hefty 50 cent increase in their yearly premiums.
This is a gross simplification, but $100,000,000 is a literal drop in the bucket.
Re:Public Enemy: quotes from the Martin Shkreli jury selecti...
by maxerickson on Wednesday August 16, 2017 @12:23PM
(#15028752)
It's a systemic problem though, it doesn't make sense to analyze it in terms of the cost of just one beneficiary of the problem.
Re:Public Enemy: quotes from the Martin Shkreli jury selecti...
by stagbeetle on Wednesday August 16, 2017 @12:27PM
(#15028801)
This is true, but it's similar to using resources on going after heroin users instead of focusing on distributors and manufacturers.
These are small fish and focusing on them lets the big players make even more moves.
By which I mean people that pay insurance premiums and taxes (which fund government provided coverage).
Re your edit, drugs are 10% of US health spending: https://www.cdc.gov/nchs/fastats/health-expenditures.htm
But if we want to significantly reduce spending overall, we are probably going to have to seize every opportunity, even the modest ones.