Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Young Turks: Cancer Drugs Marked Up for Big Profit

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Political Videos Donate to DU
 
CherylK Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 02:38 PM
Original message
Young Turks: Cancer Drugs Marked Up for Big Profit
 
Run time: 04:32
https://www.youtube.com/watch?v=AHvSaTAm6G4
 
Posted on YouTube: December 03, 2011
By YouTube Member: TheYoungTurks
Views on YouTube: 18393
 
Posted on DU: December 05, 2011
By DU Member: CherylK
Views on DU: 1144
 
A report about companies who are buying generic cancer drugs to sell them at marked up prices is discussed by Ana Kasparian and Cenk Uygur of The Young Turks.

Source: http://www.rawstory.com/rs/2011/11/29/cancer-drug-scalpers-corner-u-s-market/

Subscribe to The Young Turks: http://bit.ly/eWuu5i
Refresh | +10 Recommendations Printer Friendly | Permalink | Reply | Top
pghtytfan Donating Member (15 posts) Send PM | Profile | Ignore Mon Dec-05-11 03:26 PM
Response to Original message
1. K & R n/t
Printer Friendly | Permalink | Reply | Top
 
dmr Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 03:28 PM
Response to Original message
2. Something needs to be done.
When you have too many handlers (gray market drug vendors), it puts the integrity of the drug into question (how it's stored, manipulation of lot numbers or expiration dates, etc). That worries me.

Interesting quote about Europe:
Europe has avoided the problem because oncologists do not have the incentive to administer more expensive drugs, and generics cost more while brand names generally cost 20 to 40 percent less than in the United States.

:hi:
Printer Friendly | Permalink | Reply | Top
 
rexcat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 05:21 PM
Response to Original message
3. Keep in mind that...
In Europe drug prices are dictated by the governments because health care systems are nationalized. In the US the pharmaceutical companies set the prices for drugs and pricing of drugs is not regulated in the US.

The gray market has nothing to do with what is going on. If the pharmaceutical companies don't sell the drugs and the exceed their expiration date there is no incentive for them to manufacture them. It is not typically the oncologists who are doing the purchasing. Try looking at the administrators. They are always trying to find a way to scan the system, same for insurance companies, for profit hospital systems and non-profit hospitals. There is incentive to cheat the system until their are caught and then they don't always go to jail. Just as the current governor or Florida.

One last note - until we have true health care reform (getting rid of the health insurance companies) nothing is going to change in this country.
Printer Friendly | Permalink | Reply | Top
 
Citizen Worker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 05:36 PM
Response to Original message
4. Just over 20 years ago the mother of a friend was diagnosed with breast cancer. At the time of her
diagnosis she was already in an advanced stage of the disease but she went ahead with the chemo. While visiting her she showed me an empty bottle of one of the chemo drugs. I remember her words well: "you see this empty bottle? That is one month's supply and it cost $199.00. You see the full bottle next to it? That's the same drug, same dosage and it cost $399.00." She had no explanation for the increase in cost other than greed.
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Jul 18th 2024, 01:17 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Political Videos Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC