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franklin_turtle

Health care ain't broken

33 posts in this topic

[quote]
K-V Pharmaceutical Co. said Friday that it would slash the list price of its
new premature-birth prevention drug Makena by 55% after a public outcry over the
treatment's original price tag of $1,500 per shot.
The St. Louis-based company also said it would offer supplemental rebates and
noted that a majority of patients would pay significantly less for each shot.
The response came after K-V became the latest U.S. health-care company to face
scrutiny over medical prices perceived to be too high.
K-V's Ther-Rx unit had initially charged $1,500 per injection of the drug,
given weekly to prevent preterm labor. This sparked a backlash among consumers
and lawmakers because versions of the active ingredient of Makena,
hydroxyprogesterone, have been available since 1956 and were sold for as little
as $10 to $15 per shot.
While the latest price tag—$690 per shot—-is still much higher than the
alternate versions, it is lower than the drug's initial price. One lawmaker
Friday called the action positive; however, K-V's moves didn't satisfy all of
its critics.

[...]
Two Democratic senators had sent a letter to the Federal Trade Commission last month urging the agency to launch an investigation into potentially anticompetitive behavior because of the increase in the cost of Makena compared with compounded products.

Makena was given seven years of market exclusivity when it was approved under an FDA program that grants incentives to companies developing treatments for rare ailments.
[url="http://online.wsj.com/article/SB10001424052748703806304576236980798831262.html?mod=googlenews_wsj"]http://online.wsj.com/article/SB10001424052748703806304576236980798831262.html?mod=googlenews_wsj[/url]


[/quote]
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Well let's take a look at the big picture.

The current cost of Makena..............$690.

The average cost of a premature birth...$51,000.



Decisions decisions decisions?

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[quote name='GT3BB' timestamp='1302710680' post='632097']
Well let's take a look at the big picture.

The current cost of Makena..............$690.

The average cost of a premature birth...$51,000.



Decisions decisions decisions?
[/quote]


The previous cost-$30.

Hmmmm...

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Oh and come on GT you should be outraged. This is a Gov't induced monopoly (well the FDA isn't enforcing the rule). This is not the free market driving prices this is legislation and business creating artificially inflated prices (a 2000% increase at the new lower price! What a bargain.)

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[quote name='GT3BB' timestamp='1302710680' post='632097']
Well let's take a look at the big picture.

The current cost of Makena..............$690.

The average cost of a premature birth...$51,000.



Decisions decisions decisions?
[/quote]

So lets see if I have this straight... a drug company that charged $1500 for what used to be a $50 shot gets pressure from consumers and suddenly is able to cut the price it charges IN HALF (and presumably still make a profit), with the justification being that a premature birth is way more costly, and GT cites this as evidence that there is nothing wrong with our current healthcare system?

I have news for you, GT, this is a prime example of EVERYTHING that is wrong with our healthcare system. Drug companies are given literal monopolies with their products and are able to charge whatever they want without competition. Hospitals hike up bills to outlandish sums because they know insurance companies are going to "negotiate" for far less, while the uninsured are left paying retail, to make up for all of the deadbeats that pay nothing at all.

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[quote name='Franklin_Turtle' timestamp='1302711243' post='632102']
The previous cost-$30.

Hmmmm...
[/quote]


It's cheaper all right...sometimes you get what you pay for, the old product(called 17P) could never prove thru clinical tests it did any good.

Two things:

The FDA gave KV the exclusive rights as compensation for the lengthy and costly approval process, and secondly, KV must prove thru clinical studies that Makena actually works.

Seems to me that's they way business and government should co exist. Risk reward.

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[quote name='GT3BB' timestamp='1302712767' post='632117']
It's cheaper all right...sometimes you get what you pay for, the old product(called 17P) could never prove thru clinical tests it did any good.

Two things:

The FDA gave KV the exclusive rights as compensation for the lengthy and costly approval process, and secondly, KV must prove thru clinical studies that Makena actually works.

Seems to me that's they way business and government should co exist. Risk reward.
[/quote]


[url="http://www.nejm.org/doi/full/10.1056/NEJMoa035140"]http://www.nejm.org/doi/full/10.1056/NEJMoa035140[/url]

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[quote name='Franklin_Turtle' timestamp='1302713308' post='632123']
[url="http://www.nejm.org/doi/full/10.1056/NEJMoa035140"]http://www.nejm.org/doi/full/10.1056/NEJMoa035140[/url]
[/quote]

Not to mention that my wife had an injection of progesterone about 12 1/2 years ago that stopped my daughter from being born at 26 weeks...

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[quote name='Spittin_Chicklets' timestamp='1302716484' post='632139']
Not to mention that my wife had an injection of progesterone about 12 1/2 years ago that stopped my daughter from being born at 26 weeks...
[/quote]

Did she have a previous premature birth?

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The point is that the $50 drug works just fine according to the New England Journal of Medicine and personal experience.

Naturally you have ignored that this story you posted is a prime example of whats wrong with healthcare in America. My daughter split her lip on the playground. Needed 3 stitches and an ice pack. $2700. That is wrong on a lot of levels.

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[quote name='Spittin_Chicklets' timestamp='1302720586' post='632160']
The point is that the $50 drug works just fine according to the New England Journal of Medicine and personal experience.

Naturally you have ignored that this story you posted is a prime example of whats wrong with healthcare in America. My daughter split her lip on the playground. Needed 3 stitches and an ice pack. $2700. That is wrong on a lot of levels.
[/quote]
Little Brody's broken arm was $22,000. Good thing I had insurance. I have a vice and a rubber mallet, but not the anesthetics one would need for performing such an operation in their garage. Though... for $22,000... the kid might just have to suck it up.

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[quote name='BrodyDanger' timestamp='1302857327' post='634033']
Little Brody's broken arm was $22,000. Good thing I had insurance. I have a vice and a rubber mallet, but not the anesthetics one would need for performing such an operation in their garage. Though... for $22,000... the kid might just have to suck it up.
[/quote]


So you think under Obamacare those prices are going down?

LOL


Obamacare has not even started yet and most Healthcare providers have already raised their rates...

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[quote name='GT3BB' timestamp='1302892617' post='634131']
So you think under Obamacare those prices are going down?

LOL


Obamacare has not even started yet and most Healthcare providers have already raised their rates...
[/quote]
Who cares? A bill like that without insurance is already unpayable for a good portion of Americans. Your kid breaks an arm and you go f*^#ing bankrupt. U.S.A.! U.S.A.!

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[quote name='GT3BB' timestamp='1302892617' post='634131']
So you think under Obamacare those prices are going down?

LOL


Obamacare has not even started yet and most Healthcare providers have already raised their rates...
[/quote]

Source?

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[quote name='Nola' timestamp='1302899686' post='634206']
Source?
[/quote]


Further... a source that says WHY they raised their rates.

Healthcare rates have been rising LONG before Obamacare was even conceived.





But, the concept of cause and effect has long elluded GT's .

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[quote name='Nola' timestamp='1302899686' post='634206']
Source?
[/quote]

Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators.

These and other insurers say Congress's landmark refashioning of U.S. health coverage, which passed in March after a brutal fight, is causing them to pass on more costs to consumers than Democrats predicted.

Wall Street Journal.

After that, we can then discuss the some 1,000 waivers Obama had to issue to those who could not meet the implementation dates.

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A 9% annual inflation rate of healthcare has been the average for about the last couple of decades. It peaked in 2001 @ 11.2%. Clearly the latest increase is a last detach money grab before the bill takes affect.

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[quote name='BrodyDanger' timestamp='1302899080' post='634196']
Who cares? A bill like that without insurance is already unpayable for a good portion of Americans. Your kid breaks an arm and you go f*^#ing bankrupt. U.S.A.! U.S.A.!
[/quote]

In the last 5 years my wife has had a string of bad luck...

displaced compound fracture of her tib-fib... about $50,000, maybe more with the rehab and all.
hip replacement... $225,000 + rehab

We have good insurance, thank god. If we didn't, I'd probably have had to put her down... no way we could ever pay for that in our lifetime.

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NHS budget squeeze to blame for longer waiting times, say doctorsLatest performance data reveal number of English patients waiting more than 18 weeks has risen by 26% in last year.

http://www.guardian.co.uk/society/2011/may/19/nhs-hospital-waiting-times-longer


Socialized medicine...poor service, endless delays, over budget.

What a shock...LOL.

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Friday March 30, 2012 12 pm EST the lives of every American and every future ones changed forever.

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[quote name='GT3BB' timestamp='1333118029' post='742440']
Friday March 30, 2012 12 pm EST the lives of every American and every future ones changed forever.
[/quote]

?

There is only one (or a few) lottery winners. And the drawing isn't until 7:00.

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[quote name='bclay52' timestamp='1333125588' post='742481']
?

There is only one (or a few) lottery winners. And the drawing isn't until 7:00.
[/quote]


Nope...the Supreme Court has voted on the disposition of Obamacare.

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[quote name='GT3BB' timestamp='1333128050' post='742496']
Nope...the Supreme Court has voted on the disposition of Obamacare.
[/quote]

Read that after I posted.

Surprising, since it won't be announced until June. Thought they would mull this over for a couple months before deciding.

What's your alternative. Healthcare is 1/5 of GDP and rising. A drag on business, peoples personal finances and making us much less competitive in a global economy.

Do the Repubs or Tea Party have a plan?

Ironic considering the individual mandate was a Heritage Foundation idea push years ago by the Republican Party. Personal responsibility for the costs of your healthcare.

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[quote name='bclay52' timestamp='1333218047' post='742740']
Read that after I posted.

Surprising, since it won't be announced until June. Thought they would mull this over for a couple months before deciding.

What's your alternative. Healthcare is 1/5 of GDP and rising. A drag on business, peoples personal finances and making us much less competitive in a global economy.

Do the Repubs or Tea Party have a plan?

Ironic considering the individual mandate was a Heritage Foundation idea push years ago by the Republican Party. Personal responsibility for the costs of your healthcare.
[/quote]


If you want to know what's a drag on business, it's Obamacare...the current count of businesses that have received exemptions from coverage is 1,200 and counting....and the list of businesses who have said they will not offer healthcare coverage is growing daily.

If you want to know what renders us less competitive in the glogal economy, it's Obamacare....the CBO just increased the Presidents cost estimates by 100% and OB care has not even started.

If If you want to know what's a drag on personal finances, it's Obamacare's forced mandate on those who choose not to carry insurance.

If you want to know what's a drag on your ability to keep your current doctor and your current health plan, as Obama promised....it's a lie....you can't.

If you want to know what's a drag on personal liberties, it's the 10,000 additional IRS agents Obama plans to hire to force compliance.

If you want to know what's a drag on the Constitution, it's Obamacare, it's UNCONSTITUTIONAL, I told you all this two years ago and you all laughed at me.

If you want to know what's a drag on freedom from an opressive government, it's the provisions of OB care which empowers the government, without a search warrant, the ability to monitor, in real time, your personal finances, including transfer of funds from your accounts.

Since you brought up the people....the majority of Americans OPPOSE OB care.

And finally, the Republicans have presented an alternative.

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In addition to being an Insurance Broker for 30 years, I also worked for Insurance companies for 5 years in NY and CA. Insurance Companies have no place in Health coverage.

Insurance is for dealing with the possibility of risk. Health problems are not a risk, they are a certainty. The profit they make is incredible, as evidenced by the spate of insurers getting OUT of the Health Insurance Business- the regulations they complain about don't bother them- they'll just raise rates.

On the personal side, I have used many insurance companies, like everyone, but I now use the VA and Medicare. The Health care is very good in the VA, not so much the availability,and the interface with Private medicine is not sufficient or particularly efficient. The Administration/office/computerization is better, but still lacking.

My tab for what's going on lately with me is over a $quarter Mil, including my main chemo drug, which is really in low demand due to the rarity of the problem. I'll spend the next six months receiving these treatments (125 of them to go), and the drug companies, hospitals (I now get treatment, on the VA, paid for at a local hospital, but I had to fight like hell to get 'em to approve it.) It'll be a half Million before I am done, easily

I wonder if they are sorry yet for drafting me, after they've paid for my College education and my health issues.

I want to thank all you taxpayers out there. The existing system of Socialized Med works. It just needs to be merged and made ONE department (VA, Medicare, Medicaid). That'll reduce costs tremendously. If somebody wants better coverage, Insurers can sell supplemental Health coverage. Easy Peasy. Vets would get 'enhanced' medicare with lower co-pays or something.

There aren't enough Angry Selfish White Males to stop the tide of National medical coverage. To those that don't like it, Too bad. As someone who used to SELL health plans to businesses, and make PLENTY of money for Insurance companies, I got excluded from buying coverage (I had pre-existing conditions); that exemplifies the scope and magnitude of the problem. I know those angry white guys don't like it. I don't care.

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