We know demand curves slope down- a lower price will increase Q. So is any price that is not free morally unconscionable?
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Replying to @btshapir
How about costs plus 100% profit? Executives make millions, kids get medication. Also, no demand curve here. It's health.
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Replying to @zeynep
Of course there are demand curves in health! What do you think health economists study?
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Replying to @btshapir
Your child is prone to anaphylaxis or not. It's a fatal risk or it's not. Price only means you'll be forced to risk death, or not.
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Replying to @zeynep
I think you misunderstand what a demand curve is. My original rhetorical point stands. Any price>0 implies some risk death.
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Replying to @btshapir
In the United States, there are very few people who would not be able to obtain a $5 medication that would save their lives.+
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Replying to @btshapir
Not sure what the exact number would be but given how cheap the cost is, and how instantly fatal but totally reversible the issue+
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...it's obvious that it is indeed a responsibility to make this device practically universally affordable/available.
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Replying to @zeynep
It is not at all obvious that it is Mylan's responsibility.
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I'll take my morals then, and not know what to say about people who already make millions do this even if it kills children.
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Replying to @zeynep
I'm confused why you put it all on Mylan, not on the government is all. I agree, socially optimal price = marginal production cost.
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Government has many levers to improve access. Approve new generics faster. Price Controls. Subsidies.
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