Was he wrong in our capitalist society?

[OddBeMe]

Yes

No

[lightbulb27]

It's aparently legal and capitalism to make the most, my former mayor would agree with that.

but its also ok for a bunch of people that need the meds to beat the crap out of him.

that's life... it's not fair...

we are a society, we purge the ones that are crap..

what he did is wrong... but it just exposes the system is jacked up if noone else can produce insulin at lower price.

[OddBeMe]

Beating the crap is in fact illegal.

[jshm2]

Price increases cannot be pulled out your ass, like he was trying. He is also a felon, so hardly any sort of yardstick.

As for insulin, it costs about $4 to make, but the USA is the worst place to get it.

[OddBeMe]

Why is oil so high then?

[PsychicBoobs]

Walk the plank, bastard. I bet he still sleeps at night.

[GOLDFISH_smile]

He's wrong and the system that rewards it is wrong too.

[WindAtMyBack]

First of all, he didn't raise the price of insulin. His company didn't even make insulin that I know of.

He raised the price of a completely different and FAR less common drug.

In capitalism, he can raise the price of drugs all he wants. What he CAN'T do is monopolize it. A possible exception is when the drug is new. Patents and exclusivity rights are what drives innovation. Without it, those drugs would probably not exist at all, which is far worse than being expensive.

On top of that, look what happened when he raised the price. All hell broke lose including from the shareholders. The price of the stock fell. The company lost an anti-trust suit and eventually went bankrupt. The drug was then declared generic.

That's what is supposed to happen. Working as intended. Capitalism doesn't mean you can get by doing WTF you want. There are consequences, and sometimes those consequences are harsh.

[Juxtapose]

Yeah he's wrong, that shouldn't be legal. That's like jacking up the price of basic drinking water to the point where people can barely afford it and it affects society as a whole. I dated a girl with diabetes and it sucks because she was never fat or anything, just runs in her family. The insulin is not cheap and it's a constant factor of her life.

These drug companies could use some competition to lower the prices or if necessary, regulation.

I'm not completely against regulation as a whole but society is overregulated right now so I am cautious with regulations.

[OddBeMe]

If you owned a well of drinking water in the Mojave would you jack up prices? Like Uber does during events?

[Juxtapose]

No, part of virtue is actually living up to it when nobody is holding you accountable but yourself. My personal integrity is more important than making money and I wouldn't want somebody to do that to me.

[OddBeMe]

People without money are always so generous before they get it. Not after

[Juxtapose]

I already lived the golden spoon lifestyle homie. I actively turned down money given to me by my mother in a shopping mall because I felt like it was unnecessary to spend it. My dad has a home that is worth over a million dollars and I lived in a town by the coast with a fucking lighthouse. I could walk to the ocean and hang out by a lighthouse by properties that pay millions of dollars per year in property taxes and have elevators in their mansions.

My classmates would tell me how they "earned" their porsches.

It was also overrated.

[Juxtapose]

Also philanthropy is a thing. How do you think the libraries started?

[Juxtapose]

But yeah, don't ask me a question if you're already going to assume the answer. It's just a waste of my time.

[OddBeMe]

I think you have more time than most.

[Juxtapose]

I have enough time to do my own shopping.

[Juxtapose]

Unlike you I did not let money make me out of touch and clueless.

[OddBeMe]

Shrug.. least I tip my door dashers.

[Juxtapose]

Yeah and so does almost everybody else dude.

[msc545]

This guy took relatively inexpensive drug and inflated the price to the point that nobody could actually afford it and then decided that he was a genius. He got a lot of blow back because of this luckily and wound up in a lot of legal trouble. Apparently there's even a limit to capitalism

[OddBeMe]

All agreed. But that's capitalism, jake.

[Sevenpointfive]

only to a point. he relied on the insurance companies to make that money for him and they didn't. how do you not cover a drug that saves lives? i don't know if he asked for too much, but did they give him a chance?

[RavVid]

Is this 13 cents to 750 cents? I would hope not $13 to $750.

Diabetes is a pervasive condition and there are a lot of savings to gov't to supply free. Our diabetics get it for zero.

[OddBeMe]

I agree. I'm just wondering why we elect a billionaire and then cheer a CEO murder and demand free Healthcare. #stupidity

[Friendlybro79]

@OddBeMe humans are very flawed and uneducated. That's why we make stupid decisions.

[RavVid]

There is always a degree of stupidity.

A person I know has pancreatic cancer but despite an immunological drug being known to be useful, that drug is not subsidized for that cancer but is for other cancers. You would think if the oncologist considered it the best treatment for the particular patient and it is a subsidized drug it they should be able to get it at a subsidized price. In this case they can manage but most wouldn't.

But no, there are rules covering it that can't be broken. I would think one of the rules should be if a suitably qualified doctor considers it necessary, the credence be given to that. Maybe with second opinions concurring?

It is never going to be a rose garden sadly.

[OddBeMe]

I don't know the science or regs for making one drug available for one type and not the other. Unless it's because it's too dangerous. Even salk had to keep experimenting to make a safe polio vaxx.

[RavVid]

Neither do I but there is a cost calculation behind it for sure. Sometimes a GP has to ring for an authority to prescribe.

[Agape93]

I still think he should get shot

[seeyounexttuesday]

The healthcare system is not capitalism.

[OddBeMe]

Ours is...

It shouldn't be. But it is.

[seeyounexttuesday]

It absolutely is not. Can you buy prescription drugs from England?

[OddBeMe]

You can travel to england and prob legally buy drugs. But like fruit not bring it back. Every capitalist system has regulations. They opening a Swiss bank acct from the US.

[seeyounexttuesday]

So as I said, not capitalism.

[RedInnocent69]

Someone should’ve probably shot him.

[WowGIrl4ever]

Morally wrong or it should be to people