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!
Quote of the Day
The guy who invented playing cards was brilliant. But the guy who invented chips was a genius.~As recounted by Ricky Jay
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