3 reasons why medications are so expensive in the US - Kiah Williams
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Date: 2024-10-24
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Comments and reviews: 19
SilentOne2021
While capitalism can be considered a thing that fuels innovation, end-stage capitalism is opposite, it uninvents working things through planned-obsolence, inflicts suffering and disease through poor nutrition and ignoring the need for improving peoples palate instead of essentially poisoning people with stuff that is detrimental to their health, robs people blind by opportunistic profiteering despite the increasing wage gaps, pushes people away for increased profits in favor of automation and perceived growth of economy instead of the livable conditions for the average/low-end member of said economy. While capitalism originally brings together people to an idea of equal opportunity and fairness of living to everyone, it spoils down through greed and excessive need for constant growth and rejection of any other values except the money they provide to the investors that it ends up to just essentially a competition to make yourself indisposable and competition on who can rob more from the others. Eventually this all will turn belly-up as the regular users, and low-level users of these services abandon the companies, products and start even actively ignoring the ruleset that didnt protect their wellbeing anyways and rob what they need and eventually cause the whole societal structure to unravel, this is very close to happening as disbelief and mistrust to whole western capitalistic society is so low that we already see mass-looting/surge of crimerates, society-wide self-sedation, increased fatalism/hopelessness, political corruption running rampant and taking it as granted. if this system falls, so fall all our democratic values and years of struggle to not be in a hellscape that is feodalism or similar things, though it's already rather far in the process as the populistic political leaders seem to lack any true perception/connection to their system and instead just dont either realize how in history this has already been resolved multiple times, we need to fix it before its too late.
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While capitalism can be considered a thing that fuels innovation, end-stage capitalism is opposite, it uninvents working things through planned-obsolence, inflicts suffering and disease through poor nutrition and ignoring the need for improving peoples palate instead of essentially poisoning people with stuff that is detrimental to their health, robs people blind by opportunistic profiteering despite the increasing wage gaps, pushes people away for increased profits in favor of automation and perceived growth of economy instead of the livable conditions for the average/low-end member of said economy. While capitalism originally brings together people to an idea of equal opportunity and fairness of living to everyone, it spoils down through greed and excessive need for constant growth and rejection of any other values except the money they provide to the investors that it ends up to just essentially a competition to make yourself indisposable and competition on who can rob more from the others. Eventually this all will turn belly-up as the regular users, and low-level users of these services abandon the companies, products and start even actively ignoring the ruleset that didnt protect their wellbeing anyways and rob what they need and eventually cause the whole societal structure to unravel, this is very close to happening as disbelief and mistrust to whole western capitalistic society is so low that we already see mass-looting/surge of crimerates, society-wide self-sedation, increased fatalism/hopelessness, political corruption running rampant and taking it as granted. if this system falls, so fall all our democratic values and years of struggle to not be in a hellscape that is feodalism or similar things, though it's already rather far in the process as the populistic political leaders seem to lack any true perception/connection to their system and instead just dont either realize how in history this has already been resolved multiple times, we need to fix it before its too late.
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germanjimenez5336
US needs an open market for generic medications. The fact that insulin, discovered 100 years ago and without patent, can be subjected to price changes like those described in this video is only possible because there is an oligopoly with limited companies supplying the goods. The fact that these three companies agree on increasing and reducing the prices as they want, is a sign that this is not an open market. Insulin should be widely available at low prices. same as you can get aspirin and acetaminophen.
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US needs an open market for generic medications. The fact that insulin, discovered 100 years ago and without patent, can be subjected to price changes like those described in this video is only possible because there is an oligopoly with limited companies supplying the goods. The fact that these three companies agree on increasing and reducing the prices as they want, is a sign that this is not an open market. Insulin should be widely available at low prices. same as you can get aspirin and acetaminophen.
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RawRamenBoyo
I can’t talk for other pharma companies, but the one I work for has a good reason for its price of plasma based medicines. It costs so much from my own point of view of taking the separated plasma and then refining it down to a usable form with all the water, energy, and specific materials used to make 240L per batch. That doesn’t include the donation workers, the area that separates the plasma, the sterile filling areas, or the shipping costs. Almost makes sense why it’s $60, 000 a Liter
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I can’t talk for other pharma companies, but the one I work for has a good reason for its price of plasma based medicines. It costs so much from my own point of view of taking the separated plasma and then refining it down to a usable form with all the water, energy, and specific materials used to make 240L per batch. That doesn’t include the donation workers, the area that separates the plasma, the sterile filling areas, or the shipping costs. Almost makes sense why it’s $60, 000 a Liter
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Eniyfan
Madness. Thanks to these industrial moves, here in Brazil we live in a dilemma, with the devaluation of our currency, the import of medicine to save 1 life costs the equivalent of the lives of 100 other families, thanks to the exorbitant prices. The dilemma is that sometimes, the government fails to feed 100 families, in favor of 1 baby with bone disease
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Madness. Thanks to these industrial moves, here in Brazil we live in a dilemma, with the devaluation of our currency, the import of medicine to save 1 life costs the equivalent of the lives of 100 other families, thanks to the exorbitant prices. The dilemma is that sometimes, the government fails to feed 100 families, in favor of 1 baby with bone disease
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ted_ed
Here in Brazil, it’s free, and not just insulin. Numerous medications for hypertension, asthma, osteoporosis, contraceptives, and a variety of other diseases are also free. In addition, medical care, surgeries, physical therapy, hospitalizations, etcall are free for both Brazilian citizens and foreigners. All of this is protected by our Constitution!
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Here in Brazil, it’s free, and not just insulin. Numerous medications for hypertension, asthma, osteoporosis, contraceptives, and a variety of other diseases are also free. In addition, medical care, surgeries, physical therapy, hospitalizations, etcall are free for both Brazilian citizens and foreigners. All of this is protected by our Constitution!
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AjayKumar-fd9mv
US is regarded as one of the top countries that values democracy the most, then why can't citizens say to politicians enough is enough, if you are not going to do something to reduce medicine price then you are not going to get their vote. In a thrid world country that may not have any impact but this is US!
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US is regarded as one of the top countries that values democracy the most, then why can't citizens say to politicians enough is enough, if you are not going to do something to reduce medicine price then you are not going to get their vote. In a thrid world country that may not have any impact but this is US!
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MrQwertypoiuyty
Of course, the US leads the way. How can the pharmaceutical board members and investors afford their yachts and private jets without high medication prices I mean, yachts and private jets are more important and should be prioritized than the lives of the lower and middle classes, right
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Of course, the US leads the way. How can the pharmaceutical board members and investors afford their yachts and private jets without high medication prices I mean, yachts and private jets are more important and should be prioritized than the lives of the lower and middle classes, right
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ted_ed
Why can't more people be more like Frederick Banting, focusing more on the people's well-being over profits So many people are suffering all because of the selfish monetary gain of these companies. Not to mention all those sugary and ultra-processed foods running rampant in their diets.
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Why can't more people be more like Frederick Banting, focusing more on the people's well-being over profits So many people are suffering all because of the selfish monetary gain of these companies. Not to mention all those sugary and ultra-processed foods running rampant in their diets.
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525Lines
Prices are high not because big pharma thinks folks will pay it but the government is forced to through medicare, etc. So, when Biden started regulating the price of insulin, etc, it'll stick because no way will people be able to pay for it on their own.
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Prices are high not because big pharma thinks folks will pay it but the government is forced to through medicare, etc. So, when Biden started regulating the price of insulin, etc, it'll stick because no way will people be able to pay for it on their own.
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GothCookie
You Americans need to realize the power you have as people. Get mad or this price gouging for critical treatments will keep happening. Get that universal healthcare because the people hold the power, the gov only borrows it.
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You Americans need to realize the power you have as people. Get mad or this price gouging for critical treatments will keep happening. Get that universal healthcare because the people hold the power, the gov only borrows it.
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JBramson
We could also stand to remove certain regulations, like import restrictions that lessen competition. If insulin (of equivalent quality) is being sold in Canada/Europe/etc. for 1/10th the price, it's illegal to import it.
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We could also stand to remove certain regulations, like import restrictions that lessen competition. If insulin (of equivalent quality) is being sold in Canada/Europe/etc. for 1/10th the price, it's illegal to import it.
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awesomehpt8938
America loves to spend hundreds of billions of dollars on the biggest military on the planet but can’t be bothered to provide healthcare even for the poorest of its citizens. Strange priorities.
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America loves to spend hundreds of billions of dollars on the biggest military on the planet but can’t be bothered to provide healthcare even for the poorest of its citizens. Strange priorities.
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GaryTDA
Its so sad how company’s ALWAYS go for the money route cus sadly, thats just how it works, you cant intentionally make less profit as other company’s will just take your place anyways.
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Its so sad how company’s ALWAYS go for the money route cus sadly, thats just how it works, you cant intentionally make less profit as other company’s will just take your place anyways.
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ted_ed
99% of all suffering caused in this world is because of greedy people like slavery did it literally just because they didn't want to pay people to do the work also obviously racism as well
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99% of all suffering caused in this world is because of greedy people like slavery did it literally just because they didn't want to pay people to do the work also obviously racism as well
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davea6314
Here in the USA, Big Pharma bribes politicians, mostly Republicans, to stop legislative controls on price gouging. Most Americans like me want a healthcare system like that of Denmark.
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Here in the USA, Big Pharma bribes politicians, mostly Republicans, to stop legislative controls on price gouging. Most Americans like me want a healthcare system like that of Denmark.
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ancienthistory9614
they didn't reduce the price of insulin of their own generosity in 2023. The Biden admin worked with manufacturers to get the price reduced. You did not mention that.
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they didn't reduce the price of insulin of their own generosity in 2023. The Biden admin worked with manufacturers to get the price reduced. You did not mention that.
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containedhurricane
The taxes are being used to pay for Israelis' universal healthcare, while millions of Americans are struggling to pay for their medical expenses
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The taxes are being used to pay for Israelis' universal healthcare, while millions of Americans are struggling to pay for their medical expenses
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bhavyapal
Almost all countries know that affordable healthcare is essential for every person. I just can't understand why the USA is not one of them
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Almost all countries know that affordable healthcare is essential for every person. I just can't understand why the USA is not one of them
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l96ai
Because your tax money are paid to fund wars. but ironically every war US has declared is none impacting US citizen's livelihood.
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Because your tax money are paid to fund wars. but ironically every war US has declared is none impacting US citizen's livelihood.
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