"NextSource CEO Robert [said] the company sets its prices based on the costs it incurred in developing the medication ..." It's a 40-year old drug you bought from another company. WHAT DEVELOPMENT COSTS are you recouping?? https://www.cbsnews.com/news/cancer-drug-lomustine-price-hiked-1400-percent-by-new-owners/ …
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Only a society which equates wealth with virtue would find it moral to let the market decide life & death. "Your kid got cancer? Bet you wish you'd gone into investment banking rather than teaching!"
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This may be the fundamental moral question of our time. Do we still believe all humans have intrinsic worth independent of their economic value? Or are humans only valuable to the extent they can contribute through work and consumption?
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End of conversation
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Also, the example you cite isn’t a breakthrough therapy, it is an off patent old school chemotherapy. And the newer truely breakthrough therapies are a pensive, but insurance companies reimburse them because they are priced at a rate that factors in their value to patients 1/2
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2/2 as I see it, bigger issues in healthcare costs (which is where I see your thread really pointing to) is the general lack of coherent end of life care, which is where the a significant portion of healthcare spending goes.
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