This may not exactly fit the topic, but I have an idea that MIGHT help reduce bills for medications, and keep the suppliers charges in line with reality.
The drug companies have been saying for years now that they NEED to charge extreme prices for new drugs because:
- It takes so long to get FDA approvals after extensive testing and studies that they must do to get there, and
- Patents must be applied for as soon as possible after the new drug is seen workable to cover them, but they run out so much of the lifespan of the patent before the FDA approval comes through that they MUST charge all outdoors for each dose that most can’t afford it.
So, this all came to mind when I was at an AARP seminar about health care reform. If they want to keep the pharmaceutical companies from doing things this way it would work best if they not only changed the health care industry itself but the Patents system as well. If a pharmaceutical patent was andled in a different way, so that once the application was accepted and presumably approved they would be protected, BUT the clock wouldn’t start for the protection until the FDA cleared the drug for sale. After that they would have the full, or a given portion anyway, of the 17 (or is it 20?) years to sell it at a much more reasonable price.
Of course the pharmaceutical companies would swear this couldn’t work, they’d go broke before it really affected their results, so it should be made effective for existing drugs that haven’t quite been released for generic output by orther companies.
Now if all concerned would talk to their Congresscritters about this, who knows what might happen?