Illinois governor signs law capping insulin costs at $100 per month

Re:Illinois governor signs law capping insulin costs at $100... by UnFleshedOne on Wednesday January 29, 2020 @12:37PM (#22183355)

> Thus, he concluded, “(the) penalties imposed by the marketplace on sellers of ineffective drugs prior to 1962 seem to have been enough of a deterrent to have left little room for improvement by a regulatory agency”

Amount of homeotherapy currently on the shelves bring "penalties imposed by the marketplace on sellers of ineffective drugs" into a sharp contrast... People will take pure water if you tell them it works.

EDIT: But I suppose a complex measure of: removing efficacy requirements AND banning advertising to both consumers and doctors AND mandating pre-regisration of trials might lead to more drugs on the market with companies using efficacy trials to compete with each other and doctors selecting best drugs based on cost/benefit/harm analysis.

I'm sure there are loopholes that would be promptly exploited in this scheme given enough incentive though.

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Re:Illinois governor signs law capping insulin costs at $100... by a1369209993 on Wednesday January 29, 2020 @01:10PM (#22183829)

> People will take pure water if you tell them it works.

To be fair, if you tell them it works, people will take pure water and show noticable improvments over non-treatment. Personally I just take the placebo effect directly though.

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