Cancer Journal #9 Dec 31
I’m drawn to health care economics like a moth to a candle flame. The pull this time is the invoice I got along with delivery of my oral medication. The stuff I take as i fight this thing with fists wrapped in tape. A 30 day supply, 120 pills, has an invoice price of $11,791.48. Huh. That would feed a lot of children in Bangladesh. Now I’m thankful to have them. I should not quibble on price, especially since the co-pay is only $200. Surely a lot of sophisticated biochemistry and dedicated effort from highly capable people went into developing the drug. And then the FDA approval process! Like poor Sisyphus pushing that rock. The costs for all this would all have been fixed costs. Unless the pills contain some rare earth element or something, the extra cost of each additional 120 pills is surely trivial. So, how do you set a price fo...