Quote:
Originally posted by Mmmm, Burger (C.J.)
The problem is that it's not a free market for the rich either. Very few people pay full price for drugs. Generally only medicare recipients (until this year). Most people have insurance coverage to pay for them. If they don't, they can't afford the drugs. The drug companies set really high prices hoping a couple people will pay it, knowing that for the most part they'll discount the price 75-90% for insurance. It's also not free because most of the buyers are price insensitive, for two reasons. First, they're not paying, or they pay a co-pay. Second, if you need drugs, you pay for it. While the second is part of a free market (think gasoline)
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I don't know why, for purposes of dealing with insurers, docs and drug makers don't just drop their rates to meet the actual price per unit they're getting from the insurers. Seems so much easier than the game they play with insurance companies.
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Last edited by sebastian_dangerfield; 01-17-2006 at 12:25 PM..
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