Dr. Lucky Tran :verified: (@[email protected])
mastodon.world
Attached: 2 images Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce. That's a 10,000%+ markup. Shameful.
  • Kaavi@lemmy.worldEnglish
    9·
    2 years ago

    Sounds crazy they are but allowed to negotiate?

    Is that the same for anything else the government buys? I can’t imagine the army buying 100 tanks and just paying the first price they get?

    • TeamAssimilation@infosec.pubEnglish
      2·
      2 years ago

      It’s like

      – Arms dealer: Each tank cost me 500,000 dollars to make. Give me 5 billion for each.

      – Let’s negotiate. How about 500 million instead?

      – Arms dealer: Fiiine, but only because you’re a good client.

      • dirtbiker509@lemm.eeEnglish
        1·
        2 years ago

        This is legitimately how it works in the US between insurance and pharma/medical.

        I just had a baby and I added up the total bill from the hospital and it was $100,000. We were in the hospital for 3 days. My insurance “negotiated” it down to $26,000, and I paid $3000.

        The $100,000 is completely made up from the beginning. Pharma and medical just slap big ass ridiculous numbers down, then the insurance fake negotiates down to a still completely ridiculous number, then that cost has to get eaten by people who pay into insurance, which is basically everyone.