https://www.statnews.com/2020/01/12/venture-capitalist-alexis-borisy-bring-down-drug-prices/ … Does anybody understand why this business model hasn't been done before? (Develop new drugs that mimic the effects of other approved drugs; sell them at lower prices; make a profit by gaining market share.)
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Insurance companies have a list of drugs they will cover. This is their formulary. They may also have step therapy where some treatments must be tried first. Both are very unpopular.
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ahhhh so I misunderstood how the system works. it's worse than I thought. okay then.
End of conversation
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