Company hikes price 5,000% for drug that fights complication of AIDS, cancer

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http://www.rawstory.com/2015/09/thes...han-you-think/

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Former Hedge Fund Manager Won't Lower Price of AIDS Drug

[chuckz28]

This dude is basically killing people. Sounds like he could use a good bat the the back of his head.

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This dude is basically killing people. Sounds like he could use a good bat the the back of his head.

I'd honestly laugh if someone took him out.

I am all for someone making a buck but this is unbelievable greed.

[FitnessBrat]

He's not going to lower the price because like Turbo said, people with HIV can get on regimens for free. It might not be "right" but it isn't any different than anything else healthcare related. Without insurance, you can't afford it.

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He's not going to lower the price because like Turbo said, people with HIV can get on regimens for free. It might not be "right" but it isn't any different than anything else healthcare related. Without insurance, you can't afford it.

Could this drug not be afforded before when it was $13.50 per pill?

[Turbo3000]

Could this drug not be afforded before when it was $13.50 per pill?

No. The average HIV patient isn't going to consider 13.50 for one pill. They will not spend the money.

The healthcare system is full of Medicare and Medicaid patients, the majority.

People bitch at me when they have to pay 50 cents for a month's supply of a $2000 drug.

Hospitals have a significant mark up on drugs. This idiot just pissed someone off and the media realized he was a PR goldmine. Happens in all aspects of healthcare.

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so your certain this this isnt effecting anyone?

[MattG]

If u needed 2 pills a day at $13.50...thats over $800 a month, and almost $10,000 a year. I sure couldnt afford it. Unless someone felt sorry for me and helped me out.lol. Def more doable then the new markup price, no doubt

[chuckz28]

It is a disgusting perversion of the system that should have been fixed. Everybody has to have insurance now by law so it sounds like he is taking advantage of that to take money from insurance companies with little difference seen by the person getting the script. Problem is this raises everybodies insurance rates when you have significant cost increases.

The economy as a whole can adapt to any change as long as it is gradual but when you have a significant cost increase on any single thing, something else has to absorb that and change accordingly and it causes a domino effect that effects a lot of people. Gas prices, minimum wage, it doesn't matter what it is it has to be moved only a few percent each year up or down to be absorbed without a shockwave.

Amazes me that someone running a hedge fund doesn't understand this concept since it works in stock trading the same way. The whole market feels a single big business swing up or down. Everything is connected.

[Turbo3000]

so your certain this this isnt effecting anyone?

Not what I said at all. I was giving you a glimpse into healthcare since it is clear that you don't know much about it.

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so for people with insurance that need the drug. will insurance pay for all of it or part of it? know what i mean? what if insurance will pay for say 80% of the drug. at $750 per pill that's still a huge amount the customer probably wont be able to shell out. Or is this not how it works?

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Bump for turbo...

[Turbo3000]

Ha. I had a pretty long response and then deleted it.

It is a multifactorial issue and difficult to explain to people that aren't in healthcare. Bottom line, it occurs every day but the media picked this story up because the CEO is such a tool. It was good for ratings and shock value.

[Bouncer]

You didn't answer my question. What if insurance will only pay for lets say 80% of the cost of the drug. Will this not effect those people WITH insurance?