Re:Why There’s a Severe Shortage of Cancer Drugs
by roenxi on Wednesday June 28, 2023 @07:36AM
(#36505000)
> There might be external forces...
Seems reasonable to upgrade "might" to "must". The article is quoting drugs with a sticker price of $6. It isn't reasonable to say that drug manufacturers would rather let the market enter a state of shortage rather than price their drug at $12 and see what happens. On a bad day I can buy bottled water at insane markups at these sort of prices, and water is much easier to compete with. Drug companies could easily be charging $10 for something that usually costs $6 and that would push the market towards a profitable equilibrium price. People aren't that picky about their purchases if there are no alternatives.
My money is on it being illegal to charge the real market rate if it involves raising prices.
Seems reasonable to upgrade "might" to "must". The article is quoting drugs with a sticker price of $6. It isn't reasonable to say that drug manufacturers would rather let the market enter a state of shortage rather than price their drug at $12 and see what happens. On a bad day I can buy bottled water at insane markups at these sort of prices, and water is much easier to compete with. Drug companies could easily be charging $10 for something that usually costs $6 and that would push the market towards a profitable equilibrium price. People aren't that picky about their purchases if there are no alternatives.
My money is on it being illegal to charge the real market rate if it involves raising prices.