Minor Axis
Well-Known Member
How would you all feel about a for profit Fire Dept or Police Dept? How do those feelings jive with a for profit Health system? In the recent health debate in the U.S. there were some strong opinions expressed about turning into a bunch of socialists and do we really want to be like Canada, you know having to wait over six months for procedures and the such. At least that was the kind of accusation.
I just read an article No Refills that describes the situation with huge pharmaceutical companies. The article describes the rules placed on drug companies by the FDA. And it implies that if a drug is not going to be profitable, it most likely will not be made, even if it is the best little drug that would help a group of people. It says that both the government (FDA) and drug companies will have to reinvent themselves.
So is Capitalism and profit based health care best suited to providing health care to average citizens? Would socialism based health care system be better? If not, why not?
How about for the research of new drugs? Does anyone here see a problem with only pushing forward new drugs that promise the biggest profits? Is there a viable alternative? I really don't know the answer but my feelings are that the profit motive somehow subverts the notion of the best health care.
From the article:
I just read an article No Refills that describes the situation with huge pharmaceutical companies. The article describes the rules placed on drug companies by the FDA. And it implies that if a drug is not going to be profitable, it most likely will not be made, even if it is the best little drug that would help a group of people. It says that both the government (FDA) and drug companies will have to reinvent themselves.
So is Capitalism and profit based health care best suited to providing health care to average citizens? Would socialism based health care system be better? If not, why not?
How about for the research of new drugs? Does anyone here see a problem with only pushing forward new drugs that promise the biggest profits? Is there a viable alternative? I really don't know the answer but my feelings are that the profit motive somehow subverts the notion of the best health care.
From the article:
Making drug trials more expensive can have a big effect on development. Once they’re developed, most drugs are nearly pure profit (a topic of much complaint among consumer activists). The cost is all in the R&D—somewhere between hundreds of millions and nearly $2 billion per drug, depending on which estimate you use. And the single biggest portion of that cost is the very, very expensive clinical trials, in which pharmaceutical companies try to show the FDA that their compound is safe and effective.
This means that clinical trials have unwanted side effects. Because of their astronomical expense, one drug with a huge market is more commercially desirable than 25 drugs that each treat a less common disease, because only one set of trials is necessary. If you’re targeting a disease that affects relatively few people, one of two things will happen: the drug will be very expensive, or the drug will be shelved because it’s unlikely to earn back its R&D investment.