Big Pharma--like Clinton--has neither shame nor guilt
One of the selling points to us hopeful 2008 dupes was that that the ACA (now better known as A Crappy Arrangement) would increase the number of people covered. This indeed happened. But BooHoO signed away the power which he briefly held, to regulate insurance companies in the most effective manner (Public option) in order to appease the Dreaded Republicans (DRs), who at that time were the minority party in both Chambers. I don't believe he ever intended to effectively block Insurance Companies at all. How many DRs supported A Crappy Arrangement despite his abject surrender? Naught, nill, nada, zilch, Bubkis and also none.
But what about the other head of the Medical Care Monster (of course I am simplifying this greatly)? Swallow hard--yes, Big Pharma! In the same spirit of "rolling over" (or, more truthfully, selling out), BooHoO did not allow the ACA to bargain with big Pharma.
Now with millions of metabolisms (as one might suspect patients are regarded by the mucky-mucks in Big Pharma) in their private feeding grounds, the Drug Sharks have been placed in the enviable position to "thin the herd" while siphoning off monetary reward. (I won't mention sustainability issues with approach). Of course the first of the herd to be finished off are the poor, but WTF did Pharma need them for?
I wish to point out two, of the very numerous, examples of this heartless price gouging.
1. A cure--not just palliation, for Hepatitis C, an otherwise incurable, usually disabling and often fatal disorder by raising the price beyond the reach of any but the 1%. So let the sick suckers mortgage their homes, declare bankruptcy, in order to spit up enough money to pay for the overpriced biological with life-saving potency.
2. The most recent such rip-off about which I read would make Martin Shkreli proud. Due to this country's maladaptive "War on Drugs", which has seen an actual increase in illicit drug usage, an epic number of people have become opioid-addicted. The number is huge and progressively climbing. In fact a large part of this upsurge is iatrogenic--i.e., caused by physicians, some of whom prescribe opiates first and try to diagnose the problem later. Sadly, many MDs don't even attempt the diagnosis phase, they just prescribe more or different opiates. When you think of a "druggie", think not just about heroin junkies but also those coming by their addiction through legal channels. When pain, depression, and/or desperation become too intense, the sufferer (and, yes, they are sufferers) makes a desperate attempt for temporary relief--culminating in an epidemic of lethal overdoses. There is a drug which works 100% of the time, if given soon enough in adequate doses, in reversing opiate overdose. That drug is Naloxone
The quintessential fact here is that Big Pharma, knowing it has a captive audience, feels neither remorse nor restraint in jacking up drug prices, such as those for Naloxone as high as they think the market will bear.
Briefly there are several outcomes of this Greed-inspired pharmaceutical practice:
A: The predominant costs are initially borne by the ambulance and/or hospital caring for this OD'd patient.
B: Small ambulance companies often cannot afford stocking a drug, no matter how important, putting great strain on their ability to pay.
C: The smaller, mostly rural hospitals in the catchment areas for these ODs, will have to restrict the amount of Naloxone they can afford to stock. Therefor, regardless of patient insurance status, there may be insufficient inventory to satisfy demand.
D: The overwhelming proportion of victims are poor, thus many are at risk for inadequate or no treatment--goodbye to the lower class--just another sign of success in our War on Drugs.
E: Hospital reimbursement is below procurement costs in many instances. Thus who pays for the shortfall? Take a guess--the 99% do. This happens in several ways. Hospitals try to pass along the burden of underimbursement to those with insurance--but such pass-through has its limits, especially in these days of declining insurance coverage. The other main method, perfected by the Walton family, is public support, e.g., Medi-caid or Medicare funding or by emergency block grants. And We the People get saddled with higher taxes to support this corrupt, amoral pricing scheme.
I wrote a diary on GOS, before the Ides of March decree, concerning how Medicare-for-all will not fix many--perhaps not even most problems with our broken medical system. For those willing to journey back to the GOS, you might find my diary interesting. And, for those intrepid enough to undertake such a journey, you have my full permission to cross-post it here. I refuse to go back and do it.
Comments
Certain things MUST be excluded from Capitalism.
If you believe that people can, and should DIE because they didn't cough up enough money, then you have taken Capitalism, way, way too far.
These are often the same asses who think that protection from fire, assault, etc, should be paid for by those they protect.
It's a very short step from there to saying "Hell, if they didn't want me to put a gun to their head, they should have PAID me."
I do not pretend I know what I do not know.
Oh yeah
When Good Doctors Prescribe Bad Medicine
The drug patent system is too expensive & too ineffectual.
As Dean Baker points out at CEPR, having the government pay to develop drugs and then license them out would save more than 50% of the costs. If you remember your history, some of the worst diseases were cured by drugs invented by the army. The Canal zone was made habitable for workers without natural immunity to some of the tropical diseases.
Obama's TPP will not only cement this drug patent ripoff but extend the length of time patents exist and impose these anti-health standards on other countries. It will retard the marketing of generics.
The CEPR site has quite a lot on this issue and has persuaded me.
"The justness of individual land right is not justifiable to those to whom the land by right of first claim collectively belonged"
With complete agreement, I must add a caution
Although generic drugs often result in significant price saving--those conditions for which they are used are generally quite common and usually non-fatal. As diseases (pathologies) become proportionately less prevalent and / or more lethal, the price difference between patented drugs and generics dwindles. As far as Multiple Sclerosis drugs, for instance, the difference between brand and generic often disappears completely. So shortening drug patents, while important, will not solve the problem. The problem is supply-and-demand, i.e., capitalism.
I agree with you & thanks for your reply. I think Baker and
others want to replace the patent system with federally funded, and in some cases, federally invented, drug R&D. The points he raises are that those who control the patents administer prices rather than have the prices determined through competition. And, as Pharma has become Big Pharma, they are able to get Congress to pass and the president to sign such anti-competitive laws as forbidding certain large government programs from bargaining over prices which is a perversion of the so-called free market system but perfectly defines monopoly capitalism.
Many patents are based on government funded research and the largesse of the patent system is out of whack with the amount of new research a Pharma has had to engage in. There also is the problem of Pharma urging the use of its patented drugs for pathologies that do not have FDA approval and often the FDA was not aware that these new uses were ever contemplated.
You've brought up an important topic and its one of the reasons the USA spends 19% of its GDP on health related services.
"The justness of individual land right is not justifiable to those to whom the land by right of first claim collectively belonged"
Obama sold us out
and made sure Joe Lieberman got what his CT insurance companies wanted. BHO cut a deal with pharmaceuticals - so we have a Medicare system which can NOT negotiate drug prices, and they agreed not to fight ACA.
As I look back at the last 8 years - I'm astonished at how naive I was. Not just hopeful, damn naive.
That won't happen again. Expect the election will be rigged as the primaries were. Know there's a great deal of discussion about voting - but honestly, does anyone think it will make a damn bit of difference?
It doesn't matter who casts the votes.
What matters is who counts them.
There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don't know we don't know.
I'm hoping that Clinton will be focusing all her rigging on
beating Trump that at least one of the third parties (but of course ideally both) reach 5% of the popular vote.
I thought one needed 15%
to be included the next debate. Am I wrong?
There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don't know we don't know.