Want to be an actuary? Odds are, you’ll fail the test

Re:Want to be an actuary? Odds are, you’ll fail the test by thaumasiotes on Tuesday December 28, 2021 @11:23PM (#29721836)

What's supposed to be nuts about that? The surgery costs the same no matter whether you want me to do it to a dog or a person. The pills cost the same whether you want to feed them to a dog or a person. That's exactly what you'd expect.

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Re:Want to be an actuary? Odds are, you’ll fail the test by heisenbit on Wednesday December 29, 2021 @04:41AM (#29723323)

Drug costs are mostly a function of development and marketing (there are exceptions where production dominates). Development cost is dominated by cost of human trials. It is not clear that drugs (particularly for non animals not destined for human consumption) should be as expensive as human drugs. And that is before getting to to unusual gap between US drug prices and international drug prices.

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Re:Want to be an actuary? Odds are, you’ll fail the test by thaumasiotes on Wednesday December 29, 2021 @05:00AM (#29723413)

> It is not clear that drugs (particularly for non animals not destined for human consumption) should be as expensive as human drugs.

Are they different drugs?

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Re:Want to be an actuary? Odds are, you’ll fail the test by ikr678 on Wednesday December 29, 2021 @09:10PM (#29732704)

Sometimes yes, but it's the testing and regulatory approval costs that should in theory be lower for animals.

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Re:Want to be an actuary? Odds are, you’ll fail the test by thaumasiotes on Thursday December 30, 2021 @06:44PM (#29743015)

So what? Those costs happen before you sell the drug. That would make a difference for a drug that isn't approved in humans and therefore didn't pay the approval cost at all. It makes no difference for a drug that is approved in humans.

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