Q: If you cause the cost of drugs to plummet, pharma won't spend money on R&D, right?
"If you cause the cost of drugs to plummet, pharma won't spend money on R&D, right?" This was a question from another anonymous post, but at least they were friendly this time. Before I answer this question fully (since I think I've alluded to it in other blog posts), I want you to take a step back and ask yourself a question: Why do drug companies make drugs? The first and feel-good answer is because they want to help people. I think this is the case for bench research. Havi
Review: "Runaway Drug Prices" – The New York Times
I'm so blessed to have friends who love to read. Why yes, I did see this article from The New York Times Editorial Board. My response: Yup, a drug that costs $200 one day can easily cost $1300 the next because pharmacy companies can change whatever they want. And patients can't do anything about it because it's essentially a closed market. Thus, I say open the market up. There are equally effective medications being created overseas at a quarter of the price. If you want pres