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275 points swores | 1 comments | | HN request time: 0.209s | source
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FredPret ◴[] No.40173118[source]
Drugs may be overpriced.

There is probably some bloat in drug development. But then again, maybe not. I'm not an expert.

What I do know is that drugs have gotten dramatically better in the short amount of time I've been alive.

The other thing we all know is that the source of this article, The Guardian and their friends, have a shitlist of industries and institutions it loves to hate.

Ask yourself: will they ever write a positive article about a defense contractor, a bank, big pharma, a US billionaire, or a landlord, even if said entity walks on water and then saves a million babies and the penguins and the world?

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pfdietz ◴[] No.40173169[source]
People who don't like prices of new drugs are free to not use those drugs.

They want to have the benefits of the existence of drugs without paying the cost of discovering the drugs and bringing them to market. It's pernicious entitlement, made more outrageous by complaining about the greed of those actually providing the new drugs.

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1. s_dev ◴[] No.40173336[source]
> People who don't like prices of new drugs are free to not use those drugs.

I recall in economics class, life saving/altering medicine being one of the genuinely few products that had a perfectly inelastic demand. Not all drugs are life saving or essential but then you do have Martin Shkreli's in the world.