That's a misconception at its worst, big pharma doesn't have that incentive, because people get sick all the time anyway, and if they don't - big pharma always can rock up the drugs prices (which it was doing for the last 40 years) 1/2
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I'm not sure they do actually have that incentive. Premiums being overall cost of entire customer base +5% (as an example) works out to be a bigger number with more sick people.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
And big insurance doesn't have that incentive either, because if everybody'd be healthy all the time, nobody would use their services. That's why it has two other incentives - sign more people into insurance and negotiate with hospitals and pharma to lower the healthcare costs
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
*pre-existing condition intensifies*
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Big Insurance incentive is to not pay out. Healthy may come into it but ultimately small print is Big Insurance’s best friend.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
No, but they both hate Big Acid.
-
Great Norm MacDonald reference :)
End of conversation
New conversation -
-
-
They pretty much do, but not for that reason. Big Pharma: intensely interested in making ppl healthy, because new drugs are priced based on effect size & outcomes. Insurance co’s profits are based on denying payment after care has already been provided. Not outcomes.
-
Intensely interested in making pills you have to take every month to treat symptoms > intensely interested in making people healthy and no longer customers...
- Show replies
New conversation -
-
-
I joked about this with my physician once and he made a good point: the pharma co selling a treatment for a chronic disease might not have an incentive to cure it, but another company without a treatment for the same disease would.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.