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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Prescription Drug Madness

March 11, 2014

EXPENSIVE DRUGS

Read this.  I’m months late suggesting it — the flight attendant didn’t even want my New York Magazine, when she saw it was dated October 28 — but the price of many drugs really is insane.  And, yes, we do need a wonderfully profitable drug industry to inspire continued research and the extraordinary expense of human trials . . . but we’ve gone a little crazy.

As noted in the article, if a drug extends a cancer patient’s life by a day and costs $1 million it would be criminal to to ask our fellow insureds to pay for it — while if that same drug extended life a month and cost $1, it would be criminal not to prescribe it.   So there’s got to be some balance.

No one can say where that balance should be in any given instance — reasonable people can differ — but my guess is that when you read the article you will decide we’ve drifted out of the range of reasonableness.

More examples tomorrow.

CHEAP HEALTH CARE

Obamacare works — particularly if you’re a woman.  Behold Planned Parenthood’s infographics.

HE’S OLD – BUT CAN HE PARK!

Enjoy.

 

 

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