Dunno about that one, epipen situation is a clusterfuck, but again I think Silk Road had that covered.
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Replying to @St_Rev
( yep. i knew ross irl, fucking scumbag "justice" department
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JJ 「cιtιƶεɳƒιvε」 🏴☠️ Retweeted
heads up / what's your take, since you've actually looked into this https://twitter.com/sonyaellenmann/status/1023628913115770880?s=21 …
JJ 「cιtιƶεɳƒιvε」 🏴☠️ added,
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Replying to @CTZN5
The Shkreli joke. You know who was going to give away Daraprim? Martin Shkreli. His business model was soaking insurance companies, not direct consumers.
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doesn't that eventually sneak up on consumers?
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The way consumer drugs are paid for in the US makes Stalin look like Milton Friedman. There are no price signals going anywhere. Eventually the system is going to collapse.
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So basically the drug costing $5 and $50000 does not affect which insurance products will cover it and which won't? But that's... just so weird.
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It's *completely insane*. The thing to understand is that almost nobody ever pays the sticker price. Here's how the system works: 1) Insurers have lists of prices they're willing to pay for drugs. 2) Pharmas have to set the sticker price above every insurer's price.
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So in practice the pharma says "Xicillin costs $1000" and the insurer says "fuck you, you get $20" and the pharma says "derp, okey-dokey!". If they set the price at $100 and there's an insurer out there who'll pay $110, they're leaving money on the table.
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So the sticker price is $1000, and nobody ever pays that...except people without insurance, who are completely fucked. It's evil, and it's because there's no functioning market, just hacks on top of hacks.
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One common hack is what Shkreli intended. Basically you go to the corp and say "I don't have insurance" and they say "Oh, have the $1000 med for $20 or for free or whatever, lol".
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.